China’s Anbang to Sell U.S. Hotels for More Than $5.8 Billion
Wall Street Journal, Sept. 10, 2019–Craig Karmin, Konrad Putzier (subscription)
A Chinese insurer has agreed to sell a luxury hotel portfolio for more than $5.8 billion. Mirae Asset Global Investments, part of a South Korean financial services company, agreed this week to buy the 15-hotel portfolio from Anbang Insurance Group Co.
