China's Anbang Ordered to Sell Assets Like Waldorf=Astoria New York and Other Hotels – BoardingArea

China’s Anbang Insurage Group, which owns the Waldorf=Astoria New York and other hotels in the U.S. and which tried to buy Starwood before ultimately being outbid by Marriott, has been ordered by the Chinese government to sell overseas assets and repatriate the proceeds to China. Anbang says they have no plans to do that.
Source: First feeds

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