STRATEGIC HOTELS & RESORTS INC (BEE)
US86272T1060
China’s Dajia Wins Fast-Track Trial for Suit Over Failed U.S. Hotel Deal
China’s Dajia Insurance Group convinced a Delaware judge to fast-track an August trial for its claim that Mirae Asset Global Investments Co. of South Korea used faulty legal pretexts to cancel a $5.8 billion purchase of 15 U.S. luxury hotels.
Mirae Seeks Time to Close Luxury Hotel Deal With Financing Stuck
South Korea’s Mirae Asset Global Investments Co. has asked Anbang Insurance Group Co. for more time to close on its $5.8 billion purchase of a U.S. luxury hotel portfolio as the Covid-19 pandemic roils financial markets, according to people with knowledge of the matter.
U.K. Hotel Investor Faber Joins Bidding for Anbang Portfolio
Richard Faber, a former lieutenant to the U.K.’s billionaire Barclay twins, is fronting an investor group that’s competing for a luxury hotel portfolio owned by Anbang Insurance Group Co., people familiar with the matter said.
China Seizes Waldorf Astoria Owner Anbang in Major Corporate Crackdown
Anbang Insurance, the China-based owner of New York's Waldorf Astoria hotel, will be run by a committee of government officials as authorities in Beijing continue to crackdown on risky financial practices in the world's second-largest economy.