Dajia Weighs $1 Billion Sale of Four Seasons, Montage Hotels
- Pair of Four Seasons resorts, Montage Laguna Beach on offer
- A larger portfolio sale faltered early in the pandemic
Photographer: Allen J. Schaben/Los Angeles Times/Getty Images
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Dajia Insurance Group Co. is exploring a sale of some of its luxury hotels, seeking to cash in on surging travel demand even as rising interest rates make financing real estate transactions more expensive.
Dajia, which took over most of the operations of China’s Anbang Insurance Group Co., is tapping advisers for a potential transaction, said people familiar with the process, who asked not to be named because the matter is private.