Hilton Worldwide Holdings
China's Anbang Insurance to Acquire Blackstone's Strategic Hotels & Resorts Inc. for $6.5 Billion
| Charissa Echavez | | Mar 14, 2016 09:45 AM EDT |
China's Anbang Insurance Group has proposed a deal to acquire Strategic Hotels & Resorts Inc. for $6.5 billion - just three months after the private firm Blackstone Group LP bought the luxury hotels for $4 billion.
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