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

Anbang Sells Its U.S. Luxury Hotels to South Korea’s Mirae for $5.8 Billion

Anbang bought the U.S. trophy hotels for $5.5 billion in 2016 and now offloads it to Mirae for a little more than $5.8 billion — seems a good price for the South Korean firm.

Anbang Sells Its U.S. Luxury Hotels to South Korea’s Mirae for $5.8 Billion

Hotels

UK Investor Group Makes Move for Anbang’s Luxury Hotel Portfolio

It looks like a bidding war is on for Anbang's luxury hotel portfolio. Investor Richard Faber has turned to sovereign wealth funds to outspend the other investment groups jockeying to win the deal.

UK Investor Group Makes Move for Anbang’s Luxury Hotel Portfolio

Hotels

Blackstone May Repurchase Anbang Hotel Properties

What are hotel portfolios to the Blackstone Group if not mere commodities to be bought, sold, and reacquired. The real estate giant has done this several times before, and may do it again with the Anbang portfolio unless another bidder prevails.

Blackstone May Repurchase Anbang Hotel Properties

Hotels

Bidders Line Up to Buy Anbang Luxury Hotel Portfolio

Anbang is edging closer to selling off its collection of luxury hotels. It's buying spree now seems like a distant memory.

Bidders Line Up to Buy Anbang Luxury Hotel Portfolio

Hotels

Anbang Steps Up Attempt to Sell Luxury Hotels Portfolio

Like HNA, Anbang is busy trying to get rid of the assets it bought during its well-publicized acquisition spree. Finding a new home for the group of properties formerly known as Strategic Hotels, shouldn't be too difficult.

Anbang Steps Up Attempt to Sell Luxury Hotels Portfolio

Hotels

Anbang Spiffs Up Waldorf Astoria to Reopen It in 2021

As Anbang's financial struggles continue, its best bet remains getting the Waldorf Astoria modernized and open for business. As the renovations drag on, though, one has to wonder if Hilton will simply open a new property in New York City.

Anbang Spiffs Up Waldorf Astoria to Reopen It in 2021

Hotels

Anbang’s Multiple Hotel Investments Are Likely to Be for Sale

Guess it's a good thing Anbang didn't win out over Marriott to acquire Starwood Hotels and Resorts after all.

Anbang’s Multiple Hotel Investments Are Likely to Be for Sale

SkiftX

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

Just two years ago, insurance company Anbang surprised the world with its bid to buy Starwood. Now it and other Chinese companies that went on global shopping sprees are stuck with an impossible bill — and a government that doesn't approve of the purchases.

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

Tourism

China’s Super Aggressive Sunac Picking Up Troubled Travel Assets

Sunac's valuation is skyrocketing as it buys up other companies' assets to fuel its own growth. But will its strategy backfire as debt mounts? And what does all the turnover mean for the travel industry in China?

China’s Super Aggressive Sunac Picking Up Troubled Travel Assets