Anbang Insurance Group appears to have found a buyer for its multibillion-dollar U.S. luxury hotel portfolio, which includes JW Marriott Essex House in New York and Loews Santa Monica Beach Hotel in Los Angeles. An affiliate of South Korea’s Mirae Asset Financial Group is working to arrange financing and reach terms for the purchase of the Chinese insurer’s 15 luxury hotels, according to Bloomberg. An acquisition by the South Korean asset manager could value the […]
source https://therealdeal.com/national/2019/08/12/anbangs-multibillion-dollar-us-luxury-hotel-portfolio-may-have-buyer-report/#new_tab
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