Real Estate

Anbang Hotel Portfolio Gets Bids From Blackstone, Brookfield

by posted 1year ago 55 views
Chinese officials looking to sell Anbang’s portfolio of 15 U.S. hotels received offers from 17 bidders, including Brookfield Asset Management, Fortress Investment Group and Blackstone Group. The bids for Chicago-based Strategic Hotels had a spread of more than $1 billion and reached as high as $5.8 billion, according to Financial Times, which also identified South Korea’s Mirae Asset Management and GIC, Singapore’s sovereign wealth fund, as potential suitors. The portfolio includes the JW Marriott Essex House on […]