Blackstone Group hotels News

China Insurer Anbang Offers $6.5 Billion to Buy Major U.S. Hotel Group

China’s Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc. for around $6.5 billion, as the owner of New York’s iconic Waldorf Astoria expands its U.S. hotel portfolio, a person briefed on the matter said Saturday. The …