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Mirae Emerges as Lead Bidder for Anbang Hotel Portfolio

  • Anbang, South Korea’s Mirae discuss price of over $5.5 billion
  • At least one other buyer said to still be pursuing a purchase
RF hotel

Source: Getty Images

Updated on

South Korea’s Mirae Asset Financial Group is emerging as the leading bidder for a portfolio of 15 U.S. luxury hotels being sold by troubled Chinese insurer Anbang Insurance Group Co., people with knowledge of the matter said.

An affiliate of Mirae is working to arrange financing and reach an agreement on terms of a purchase, according to the people, who asked not to be identified because the information is private. An acquisition by the South Korean asset manager could value the 15 properties at more than $5.5 billion, one of the people said.