When Anbang Insurance Group agreed to pay $1.95 billion for the landmark Waldorf Astoria hotel in October 2014, it suggested the beginning of a new era in the scale — and audaciousness — of Chinese investment abroad. Not only did the seismic deal set a record as the most expensive purchase of a U.S. real estate asset by a Chinese buyer, it was the highest price ever paid for an American hotel. ... [more]