Anbang Expands U.S. Hotel Foray With Record $6.5 Billion Deal

  • Strategic Hotels purchase tops Waldorf Astoria acquisition
  • Chinese insurer to gain properties from San Diego to Manhattan

China's Anbang in $6.5B Hotels Deal with Blackstone

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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