BRIEF-Shimao Property Holdings partners with Starwood Capital to create new hotel joint venture in China

March 29 (Reuters) - Shimao Property Holdings Ltd:

* Shimao Property Holdings partners with Starwood Capital Group to create new hotel joint

venture in China

* Under terms of agreement, venture will be owned 51% by Shimao and 49% by Starwood Capital

Group

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(Bengaluru Newsroom)