Asia Pacific real estate investment news and information
Anbang Insurance’s abrupt and unexplained withdrawal from a $14 billion bid for Starwood Hotels and Resorts last month came as a surprise for many observers who had tracked the sudden rise of the privately held mainland firm.
Now the China… Read More>>
One week after Anbang abandoned its $14 billion bid for Starwood amidst a storm of speculation and investigation, Ping An Insurance Group took the opportunity to cast itself in a new light: as the anti-Anbang.
In an interview with the… Read More>>
After taking a few days off from its acquisition drive, Anbang is back in deal-making mode this week buying a loss-making Korean insurer for a reported $260 million. Meanwhile Greenland Group becomes the first foreign developer to employ a non-local… Read More>>
In a brief message last Thursday, China’s Anbang Insurance abandoned their $14 billion bid for Starwood Hotels and Resorts Worldwide, with the mainland acquisition machine and its deal partners saying only that “due to various market considerations, the Consortium has… Read More>>
It had three players, six bids, and nearly reached $14 billion dollars in value. Now the Anbang, Marriott, Starwood drama has it’s very own infographic.
If you struggled to track who made which bid when, and are left puzzling over… Read More>>
On Monday, China’s Anbang Insurance stunned the world – and Marriott International – with an all cash $14 billion offer for Starwood Hotels and Resorts Worldwide.
The offer, which reportedly was Anbang’s sixth attempt to buy the US hotel chain,… Read More>>
$14 billion generates a lot of attention and now the world will see if Anbang Insurance can withstand the scrutiny as questions arise regarding where the mainland financial investor gets its cash and whether it will every see a return… Read More>>
China’s Anbang Insurance Group is once again the lead bidder for Starwood Hotels & Resorts Worldwide, after the US hotel chain said today that it had received a $14 billion offer from the mainland group.
Anbang is now offering $82.75… Read More>>
Marriott International added a new chapter to the Starwood Hotels & Resorts takeover drama yesterday, when Starwood’s board pushed aside a $13.2 billion deal with China’s Anbang Insurance, to accept a counteroffer from Marriott worth $13.6 billion.
Many observers are… Read More>>
The board of Starwood Hotels & Resorts recommended on Friday that the hotel chain accept a newly sweetened $78 per share buyout offer from China’s Anbang Insurance, pushing aside an earlier merger agreement with Marriott International.
The $13.2 billion deal… Read More>>
