Anbang news

Home residences at the Waldorf Astoria New York have been made available to buy for the first time as part of renovation work on the ... More

Following a shock move by Wanda to first sell off the majority of its theme park and hotel portfolio and then loan its purchaser billions ... More

Following a huge CN¥63.18bn (US$9.3bn, €8.15bn, £7.22bn) property deal in a sell-off of Wanda’s tourism assets last week, it has now emerged that the company ... More

After spending a number of years rapidly developing its tourism assets across China in an attempt to become the world’s largest tourism entity, Wanda has ... More

Hotel operators Marriott International and Starwood have received approval from the Chinese Ministry of Commerce on their merger – the last regulatory approval required. The ... More

Renovations of some of the world’s most famous hotels dominated the CLAD headlines this week. The Ritz-Carlton in Philadelphia has unveiled a multi-million dollar renewal ... More

Chinese corporation Anbang Insurance Group is reportedly preparing to extensively overhaul New York’s world-famous Waldorf Astoria Hotel, in order to convert two-thirds of its guest ... More

The on-again off-again merger of Starwood Hotels & Resorts and Marriott International looks set to go ahead after shareholders of both companies voted en masse ... More

Bangkok-based interior designer Bill Bensley, UK hospitality designers G.A. Design and international architects Gensler are among the creators of the latest property opened by hotel ... More

The consortium lead by Anbang Insurance Group has withdrawn its proposal to acquire Starwood, paving the way for the Marriott/Starwood merger to move ahead. Anbang ... More

The Chinese consortium led by Anbang Insurance Group that is trying to buy Starwood has upped its offer, making it “reasonably likely to lead to ... More

Starwood Hotels & Resorts has signed three new hotel deals in Cuba, making it the first US-based hospitality company to enter the Cuban market in ... More

The Starwood-Marriott merger is back on again after a rival offer last week led by Chinese insurance company Anbang tried to thwart the deal. Anbang ... More

Starwood has received a new bid from the Chinese consortium that wants to buy it and has notified Marriott of its intention to terminate the ... More

Global hotel giant Starwood has received a surprise US$12.8bn (€11.5bn, £8.9bn) takeover offer from a group led by China’s Anbang Insurance Group, which could scupper ... More

The Baccarat Hotel in Manhattan – which Beijing-based Sunshine Insurance bought from hotel manager Starwood for US$230m (€210m, £154m) earlier this year – reopened on ... More

The Waldorf Astoria hotel in New York is being sold to a Chinese company for nearly US$2bn (€1.6bn, £1.2bn), but Hilton will continue to manage ... More