Chinese investors buy Sydney Hyde Park Sheraton for $400 million

Chinese investors of Sunshine Insurance Group acquired Sydney Hyde Park Sheraton from Starwood Hotels for $400 million.

The hotel features 557 rooms and Starwood will continue to operate the hotel as a Sheraton under a long-term management contract. Sunshine Insurance Group is established in 2007 and has provided insurance coverage to more than 130 million customers.

To see listing and email addresses of investors from China similar to Sunshine Insurance Group, check the Chinese Investors Directory

More details follows