China’s Anbang Insurance Group reportedly agreed to sell a portfolio of 15 U.S. luxury hotels for more than $5.8 billion to an affiliate of a South Korean financial services company, three years after it purchased the same properties from private equity giant Blackstone Group as part of a high-profile international expansion.
Anbang Finds Buyer for High-Profile Hotel Portfolio
Chinese Insurer Selling Luxury Properties to South Korean Buyer for $5.8 Billion
By Lou Hirsh
CoStar News
September 11, 2019 | 1:19 P.M.
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