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CMBS Investors Get Shot at China’s $1.8 Billion Recapitalization of US Luxury Hotels

Goldman Sachs, Bank of America Lead Debt, Equity Restructuring for Nine Properties
The 750-room Fairmont Scottsdale Princess in Scottsdale, Arizona, is among nine properties operated by Strategic Hotel & Resorts undergoing a recapitalization. (John Williams/CoStar)
The 750-room Fairmont Scottsdale Princess in Scottsdale, Arizona, is among nine properties operated by Strategic Hotel & Resorts undergoing a recapitalization. (John Williams/CoStar)
CoStar News
September 30, 2021 | 2:11 P.M.

New details have emerged in the efforts reported by CoStar News of China-backed owners to recapitalize a portfolio of U.S. luxury hotels bought for billions of dollars by now-defunct Anbang Insurance Group.

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