As the selloff from Chinese firms put under pressure to divest by government regulators continues, Anbang has appointed Bank of America Merrill Lynch to sell Strategic Hotels & Resorts.
Anbang has formally commenced the process of selling the company, according to Bloomberg. It paid Blackstone $5.5B for the 15 luxury hotels in 2015. The portfolio includes San Francisco’s Westin St. Francis, Chicago’s Fairmont and New York’s Essex House Hotel. Anbang was one of four Chinese
Among all of the asset classes available to the average investor, physical real estate stands alone with its beautiful simplicity. After all, the tangibility of such property — and its straightforward path to income generation — is unique in today's landscape of digital ticker symbols and complex investment vehicles. In spite of the attraction that real estate might hold for many Americans, one point should be clear: This asset class is not bulletproof. It is very possible to
You know what’s better than earning portfolio interest? Nothing. OK, that may be an overstatement. But for non-U.S. lenders looking to earn a return on their U.S.-based investments, with respect to paying U.S. taxes, that’s not much of an overstatement. Investing in U.S. Real Property Oftentimes, non-U.S. investors look to benefit from the historical strength and stability of the U.S. economy. And, in light of the recent decline in the U.S. real estate industry, many non-U.S.