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Articles tagged “anbang”

Hotels

Waldorf Astoria Hotel Will Get Fewer Condos Than Anbang Originally Planned

Given Anbang's current financial woes and an influx of luxury condos flooding the New York City market, it's probably a good idea to go with fewer condos and more hotel rooms in Anbang's makeover of the iconic Waldorf Astoria.

Waldorf Astoria Hotel Will Get Fewer Condos Than Anbang Originally Planned

Hotels

Blackstone Worries New Law Could End Sale of Hotel Stakes to Chinese Investors

While Chinese investment money has been drying up because of Chinese government policies, there has been scant attention paid on the flip side to the U.S. Congress trying to increase regulatory scrutiny over foreign investment. The double-edged sword doesn't bode well for U.S. companies looking for Chinese and other foreign buyers.

Blackstone Worries New Law Could End Sale of Hotel Stakes to Chinese Investors

Hotels

Hilton Claims Anbang Financial Woes Won’t Impact Management of Waldorf Astoria

While Hilton has emphasized that Anbang's financial woes won't impact its long-term management contract at the original Waldorf Astoria hotel in New York, we can only imagine the sighs of relief Starwood employees must be issuing, knowing Anbang could have been their new owner instead of Marriott.

Hilton Claims Anbang Financial Woes Won’t Impact Management of Waldorf Astoria

SkiftX

Chinese Merger Money in Travel Will Likely Dry Up

Conventional wisdom in the last few years had Chinese investors from Anbang to HNA poised to scoop up and consolidate U.S. travel companies, meaning Google, Booking, Expedia and TripAdvisor weren't the only games in town. That prospect has faded, if not disappeared, although strategic buyers in China may still make some noise.

Chinese Merger Money in Travel Will Likely Dry Up

Hotels

China Takes Control of New York Waldorf Astoria Owner Anbang

The Chinese government is trying to contain the economic fallout from Anbang's over-reaching. From a long-term perspective, Starwood dodged a bullet when it ended up in Marriott's arms instead of the opaque Chinese insurance conglomerate.

China Takes Control of New York Waldorf Astoria Owner Anbang

Hotels

Hilton’s CEO Says New York’s Waldorf Astoria Is Not for Sale

Sure, it's not for sale. But wouldn't things be easier for everyone if it was?

Hilton’s CEO Says New York’s Waldorf Astoria Is Not for Sale

Hotels

Blackstone Has Its Eye on Hotel Assets It Sold to Anbang

Blackstone has its eyes on the assets it sold, and knows it can now get them at a fraction of the cost if it wants them. Not a bad position to be in.

Blackstone Has Its Eye on Hotel Assets It Sold to Anbang

Hotels

Anbang and HNA Could Become Sellers of Hotel Assets

Over the last couple of years HNA, Anbang and others have amassed overseas assets worth billions of dollars. But with the Chinese government now restricting capital outflow it looks like these buyers will now become sellers.

Anbang and HNA Could Become Sellers of Hotel Assets

Hotels

Hotel Industry Is Increasingly Impacted by Shifting Political Winds

For those who think that politics and travel don't mix: think again.

Hotel Industry Is Increasingly Impacted by Shifting Political Winds

Hotels

Anbang Ownership and Financing Subject of Complaint by U.S. Hotel Union

Anbang came oh-so-close to taking Starwood away from Marriott before the merger yet so much about the Chinese insurance giant remains behind a firewall. We're not sure how much Unite Here's complaint will accomplish but the hotel employees do have a right to know if their next paychecks are in jeopardy.

Anbang Ownership and Financing Subject of Complaint by U.S. Hotel Union