Bank of America will help Anbang Insurance Group sell its $5.5 billion portfolio of luxury hotels in the U.S. The Chinese company chose Bank of America to assist with the sale after looking for requests for proposals from multiple advisers, according to Bloomberg. The portfolio of hotels the financial giant will help sell includes San Francisco’s Westin St. Francis, Chicago’s Fairmont and New York’s Essex House Hotel. Anbang had agreed to purchase the portfolio, […]
source https://therealdeal.com/2018/11/21/anbang-taps-bank-of-america-to-help-with-5-5b-hotel-sale/
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