China’s Anbang to Sell U.S. Hotels for More Than $5.8 Billion

China’s Anbang to Sell U.S. Hotels for More Than $5.8 Billion

A Chinese insurer has agreed to sell a luxury hotel portfolio for more than $5.8 billion, overcoming an unusual stumbling block: A California individual secretly created a series of fake deeds to transfer ownership for up to a half dozen of the hotels.Mirae A…
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