Anbang on track to complete $6.5b purchase of US hotel asset from Blackstone

Anbang on track to complete $6.5b purchase of US hotel asset from Blackstone

Anbang Insurance Group Co., the Chinese insurer that backed out of a takeover bid for Starwood Hotels & Resorts Worldwide Inc., is on track to complete its $6.5 billion purchase of another U.S. hotel company from Blackstone Group LP, said Jon Gray, Blackstone’s global head of real estate.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter