DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister …
Read More »Anbang expands US hotel foray with $6.5 bn deal
Bloomberg Anbang Insurance Group Co.’s $6.5 billion agreement to buy 16 U.S. luxury resorts and hotels from Blackstone Group LP marks a record transaction for Chinese buyers of American real estate, showing the strong appetite for high-profile properties viewed as stable investments. The pending acquisition of Strategic Hotels & Resorts Inc. will give Anbang ownership of trophy properties across the …
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