Blackstone Said to Sell Hotels to Anbang for $6.5 Billion

  • Deal comes three months after private equity firm's purchase
  • Properties include Ritz-Carltons in California, Essex House

Blackstone Group LP agreed to sell Strategic Hotels & Resorts Inc. to China’s Anbang Insurance Group Co. for about $6.5 billion, just three months after it purchased the U.S. luxury-resort company, according to people with knowledge of the matter.

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