Starwood hotels HeXiDa house capital will spend 10.5 billion dollars in cash purchase house builders Lennar company LNR property co., LTD., investment front wing.
LNR stripping out, this is the house builders Lennar in 1997, specializes in love dearly securities, but real estate investment and management. The company has more than 550 employees, 12 offices in the United States and Europe. This is at present have Aozora bank co., LTD., the financial and real estate trust stass Vornado already associated company.
In terms of the transaction, starwood real estate trust fund company, a real estate investment trust, will pay $856 million most LNR assets, including its loan service business in the United States and Europe, most of the American loan and investment and 50% of LNR stake in the web site Auction.com.
Starwood capital group will pay the LNR American commercial real estate group, and the other half in Auction.com LNR shares of $197 million.
Starwood hotels Trust said acquisition spread its source of income, and increase its enormous scale of operation platform. The company says, is expected to trade will improve its in 2013 and 2014 earnings and cash flow.
If purchase acquisition, antitrust and other regulatory approval, is expected in 2013 in the second quarter.



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