The embittered parties fighting over a $5.8 billion hotel portfolio sale went to trial this week to decide the matter. The deal for 15 American hotels, which was supposed to close April 17, unraveled with the U.S. economy. It was further complicated by an 11th-hour revelation of legal challenges of the hotels’ ownership. The seller, Anbang, and the buyer, South Korean asset manager Mirae Asset Global Investments, both sued for breach of contract. A Delaware
source https://therealdeal.com/2020/08/31/allegations-fly-in-trial-over-anbang-and-miraes-5-8b-hotel-deal/
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