Consortium led by S.Korea's Mirae Asset to buy 15 U.S. hotels from China's Anbang

Mirae

11/09/2019 02:34

SEOUL, Sept 11 (Reuters) - A consortium led by South Korea's
Mirae Asset Global Investments said on Wednesday it agreed to
buy 15 hotels in the United States from Chinese insurer Anbang
Insurance Group  ANBANG.UL  in a deal valued at $5.8 billion.
    The hotels are located in New York City, San Francisco and
Los Angeles and other U.S. cities, Mirae Asset Global
Investments, an asset management arm of Mirae Asset Group, said
in a statement.
    "The size of the deal is about $5.8 billion and the deal is
expected to be closed by end of January next year," a source
with direct knowledge of the deal told Reuters. 

 (Reporting by Heekyong Yang and Ju-min Park; editing by Darren
Schuettler)
 ((Heekyong.Yang@thomsonreuters.com; +82 2 3704 5647;))