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China tycoon in talks to buy MassMutual's hotels

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Published Thu, Feb 1, 2018 · 09:50 PM

Hong Kong/New York

CHINESE real estate tycoon Cai Kui's family office is in advanced talks to buy a US hotel portfolio from MassMutual for as much as US$800 million, a person with knowledge of the matter said.

Hong Kong-based Junson Capital, which manages the wealth of the Longfor Properties co-founder, plans to buy seven to eight hotels from MassMutual, according to the source.

China

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