Strategic Hotels & Resorts News

Blackstone Group to sell Strategic Hotels for $6.5bn

Blackstone Group to sell Strategic Hotels for $6.5bn

14th Mar 2016 Hotel News

Blackstone Group LP has agreed to sell Strategic Hotels & Resorts to Anbang Insurance Group of China. According to Bloomburg Business, the deal will be valued at $6.5 billion and comes just three months after Blackstone purchased the US luxury-resort company.