Anbang Is Splashiest Chinese Investor in Property Spree: Chart

March 14, 2016 4:24 PM

21 0

Anbang Insurance Group Co. is among Chinese companies embarking on a flurry of property-related acquisitions that’s on pace to surpass last year’s record dealmaking.

Anbang agreed to pay $6.5 billion for 16 U.S. luxury resorts and hotels from Blackstone Group LP, according to people with knowledge of the matter, a record sum for a Chinese buyer of American real estate. Even excluding a separate bid that Anbang is leading for Starwood Hotels & Resorts Worldwide I...

Also read: Counterfeiters, hackers cost US up to $600 billion a year

Read more

To category page