You are here

Blackstone to sell US luxury-resort firm to China's Anbang: sources

Monday, March 14, 2016 - 05:50


BLACKSTONE Group LP agreed to sell Strategic Hotels & Resorts Inc to China's Anbang Insurance Group Co for about US$6.5 billion, just three months after it purchased the US luxury-resort company, according to people with knowledge of the matter.

The price is about US$

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom