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Room with a view

24 October 2016 By Pete Sweeney

China’s free-spending hospitality giant is plunking down $6.5 bln for 25 pct of the hotelier from Blackstone. It’s paying 15 pct more than market for the honor. The LBO firm triples its money in the deal. HNA at least gains a valuable, if pricey, seat at an important table.

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