South Korea’s Mirae to buy 15 U.S. hotels from China’s Anbang

What a deal! Anbang Insurance Group Co. agreed to sell a luxury hotel portfolio for $5.8 billion to South Korea’s Mirae Asset Management Co., marking the end of the Chinese insurer’s short-lived investment in the properties. Mirae posted a 10% deposit on the portfolio this week, according to a person familiar with the matter who asked not … Continue reading South Korea’s Mirae to buy 15 U.S. hotels from China’s Anbang