China’s Anbang Insurance Group has reportedly agreed to buy Strategic Hotels & Resorts Inc for a fee of about $6.5 billion.
Bloomberg cited an unnamed source with knowledge of the matter as the deal has not been made public.
It comes just three months after Blackstone Group took the luxury resort owner private.
Strategic Hotels has a portfolio of 16 US properties which includes several Four Seasons and Ritz-Carlton resorts.
A year ago Ambang paid a record $1.95 billion for the Waldorf Astoria in Manhattan and if the Strategic Hotels deal is confirmed it would be the biggest ever US real estate transaction by a buyer from mainland China.
