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Anbang Closes on Strategic Hotels Properties

Anbang Insurance Group has closed on its acquisition of Strategic Hotels & Resorts’ portfolio from the Blackstone Group, with just one more property out of 16 left to review. The acquisition includes Essex House in New York. To read more, click ...

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Anbang Retreat Raises China M&A Questions

When Anbang Insurance Group unexpectedly walked away last week from its planned $14 billion offer for Starwood Hotels & Resorts, it left plenty of people scratching their heads. The Chinese bidder vaguely cited “market considerations” as its reason. Fred Hu, ...

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Anbang Abruptly Pulls Starwood Offer

The Starwood sale saga appears to be coming to a close now that Anbang Insurance Group has withdrawn its $14 billion bid to acquire the company. Anbang and its partners decided not to follow through on its raised offer due ...

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Will Marriott Make Another Starwood Bid?

After nearly completing a deal that took four months of preparation, Marriott International is again at risk of losing Starwood Hotels & Resorts to Anbang Insurance Group. Marriott has now entered round two of a bidding war with Anbang, which ...

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Marriott Reaffirms Commitment to Starwood Deal

Marriott Reaffirms Commitment to Starwood Deal

BETHESDA, Md.—Marriott International today reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, confident that the previously announced amended merger agreement is the best course for both companies. The combined company will offer stockholders significant equity upside and greater ...

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