The sale was made possible in November, after fugitive Malaysian financier Jho Low agreed to drop his claims to the property in a U.S. forfeiture laws
Bisnow reported earlier that real estate developer Jacob Chetrit and his sons bought the tower in a $422-million deal that resulted in a loss for HNA.
GIP focuses on projects in the energy, transport, water and waste industries and invests in developed and select emerging countries.
P.F. Chang’s has about 220 restaurants in the U.S. and dozens more in Mexico, South Korea, the United Arab Emirates and elsewhere.
EQT Partners and an arm of Macquarie Group Ltd. are also said to be studying a deal for the asset.
The suitors have offered $350 million to take over the business and are seeking a 90 per cent stake.
The proposed bid, which is also backed by investment firm Trinity White City Ventures, includes a mix of equity and debt.
Anbang agreed to buy Strategic Hotels from Blackstone Group LP in 2016 for about $6.5 billion, a roughly $450 million premium to what the New York fir
Fee discount is just one of the breaks that the sovereign wealth fund won last year as Blackstone set out to amass a record $40 billion war chest
It’s unclear what the firm’s final target will be, but rivals including I Squared Capital, Stonepeak Infrastructure Partners and KKR & Co. each ra
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