Articles tagged “anbang”

Coronavirus

South Korea’s Mirae Asset Scraps $6 Billion U.S. Hotel Deal With China’s Anbang

Mirae is probably experiencing a bad case of buyer's remorse as the coronavirus pandemic takes a huge bite out of Anbang's asset values. Such disputes over deals made in a pre-Covid era are not the first, and they won't be the last.

South Korea’s Mirae Asset Scraps $6 Billion U.S. Hotel Deal With China’s Anbang

Hotels

HNA’s Rezidor Bid Is Being Held Up By Chinese Regulators

It looks like tighter restrictions on outbound investment are starting to hinder dealmaking at HNA. Although the Rezidor deal may still go through, you've got to wonder what it means for the rest of 2017 and beyond.

HNA’s Rezidor Bid Is Being Held Up By Chinese Regulators

Hotels

Anbang’s $6.5 Billion Purchase of Strategic Hotels Is Almost Complete

If Anbang wants to make any more last-minute takeover bids for hotel companies worth billions, it needs to make sure it can close on them, which is why finishing the Strategic Hotels purchase is so important.

Anbang’s $6.5 Billion Purchase of Strategic Hotels Is Almost Complete

Hotels

5 Reasons Why InterContinental Hotels Group Is Ripe for an Acquisition

The idea that being bigger is better in the hospitality industry is one that isn’t going away anytime soon. IHG, whether it might be the target of an acquisition or an acquirer, is in a solid position for both scenarios. And the company could probably use a bit of a jolt in terms of innovation and global growth.

5 Reasons Why InterContinental Hotels Group Is Ripe for an Acquisition

Hotels

Is China Holding the Marriott-Starwood Deal Hostage?

In China, anything is possible when it comes to antitrust clearance and there are a number of potential reasons why regulatory authorities there extended their review of the Marriott-Starwood merger. This prolonged waiting game could be part of a larger strategy to extract concessions and finish off part of what Anbang started in March.

Is China Holding the Marriott-Starwood Deal Hostage?

Hotels

Chinese Extend Review of Marriott-Starwood Deal

You're probably wondering — as are we — if this delay in Chinese regulatory approval of the Marriott-Starwood deal has something to do with the fact that one of China's largest insurance companies tried to buy Starwood earlier this year in a dramatic bidding war, only to step away at the 11th hour, reportedly because Chinese regulators frowned on the idea. We'll certainly be looking into this more.

Hotels

4 Charts Showing the $5 Billion Boom in Chinese Investment in U.S. Hotels

Some Chinese investors have plenty of cash to spend on foreign investment and between easier approval processes and a slower Chinese economy the Chinese are eager to spread their portfolios overseas.

Hotels

Marriott Tells Shareholders More About Starwood Deal As Closing Draws Near

Marriott knows that in order to make money in the long run, you need to spend some. It also knows that constant communication with your current shareholders -- and your future shareholders -- is crucial when you're about to spend $12.4 billion to buy out one of your competitors.

Hotels

Marriott and Starwood Shareholders Approve Merger To Become World’s Largest Hotel Company

Anbang, who? We thought this day might never come, but here we are: Marriott and Starwood are now just a few months away from becoming the world's largest hotel company.

Marriott and Starwood Shareholders Approve Merger To Become World’s Largest Hotel Company

Hotels

Bill Marriott Says ‘We Were Done’ if Anbang Had Made Another Starwood Bid

We can only imagine what Anbang and its investor group, as well as Starwood, must be thinking right now.

Bill Marriott Says ‘We Were Done’ if Anbang Had Made Another Starwood Bid