Anbang Insurance Group is switching strategies: Instead of selling hotel properties one-by-one, the Chinese conglomerate is looking to shed the entire $5.5 billion portfolio all at once. The portfolio of 15 hotels includes Essex House Hotel in Manhattan and the InterContinental Hotels in Chicago and Miami. Angbang purchased the properties from the Blackstone Group in 2016 for $5.5 billion, though it’s not clear what price the portfolio will now command. The Waldorf Astoria isn’t […]
source https://therealdeal.com/2018/08/20/anbang-is-looking-to-unload-a-5-5b-portfolio-of-15-hotels/
No comments:
Post a Comment