Articles tagged “strategic hotels”

Anbang Steps Up Attempt to Sell Luxury Hotels Portfolio

Anbang Steps Up Attempt to Sell Luxury Hotels Portfolio

Gillian Tan, Bloomberg

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.

3 months ago

Chinese Merger Money in Travel Will Likely Dry Up

Chinese Merger Money in Travel Will Likely Dry Up

Brooke Sutherland, Bloomberg

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.

12 months ago

Hotel Industry Is Increasingly Impacted by Shifting Political Winds

Hotel Industry Is Increasingly Impacted by Shifting Political Winds

Hui-yong Yu, Bloomberg

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

1 year ago

Hotel Union Questions Anbang’s Motives During Contract Negotiations

Hotel Union Questions Anbang’s Motives During Contract Negotiations

Hui-yong Yu, Bloomberg

It was probably for the best that Anbang didn't wind up triumphing over Marriott to buy Starwood, especially given the confusing nature of its ownership structure.

2 years ago

Citing Security Concerns, U.S. Officials Block Anbang’s Purchase of an Iconic Hotel

Citing Security Concerns, U.S. Officials Block Anbang’s Purchase of an Iconic Hotel

Hui-yong Yu and David McLaughlin, Bloomberg

This isn't exactly the outcome Blackstone or Anbang was hoping for, but the mostly completed Strategic Hotels deal now means Anbang has more U.S. hotel investments to its name, and reaffirms its position as a major player in hotel deals that have yet to emerge.

2 years ago

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

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

Hui-yong Yu , Bloomberg

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.

2 years ago