Brookfield, Fortress, GIC said to bid for Anbang's 15-hotel portfolio

Brookfield, Fortress, GIC said to bid for Anbang's 15-hotel portfolio

FILE PHOTO: The headquarters building of Anbang Insurance Group are pictured in Beijing, China, August 25, 2016. REUTERS/Jason Lee/File Photo

Brookfield Asset Management Inc. and Fortress Investment Group are among the bidders for a portfolio of 15 hotels owned by Anbang Insurance Group Co., according to people familiar with the sales process.

Blackstone Group LP, South Korea’s Mirae Asset Managemen, and GIC Pte, Singapore’s sovereign wealth fund, are also among the bidders for the hotels, the Financial Times reported earlier today, citing unnamed sources.

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