Both firms are partnering on the development of the resort. It has been reported that the project will include two 18-hole golf courses and six five-star hotels, two of which will begin construction by the end of the year.
Agile has resorts and other residential-commercial properties under development throughout China. Its deal with Morgan Stanely prompted Moody's to affirm Agile's "Ba3" corporate rating.
In March Morgan Stanley Fund acquired Shinsei Bank's Tokyo headquarters for about $1.5 billion. The month before, Morgan Stanley and Starwood Capital Group sold a Westin hotel here to Singapore-based GIC Real Estate.
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