China’s Anbang and Blackstone in $6.5bn US hotel deal

Blackstone is selling Strategic Hotels & Resorts, which owns 16 properties including the Four Seasons resorts in Arizona and Wyoming, just three months after buying the company themselves.

The deal marks the biggest US property purchase by a mainland Chinese buyer.

Anbang is also part of a group seeking to gatecrash a separate hotel deal.

US hotelier Marriott International said a consortium led by Anbang had made an “unsolicited” offer for Starwood Hotels.

View more Agra hotels

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