Anbang Expands U.S. Hotel Foray With Record $6.5 Billion DealBy
Strategic Hotels purchase tops Waldorf Astoria acquisition
Chinese insurer to gain properties from San Diego to Manhattan
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.
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