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GIC said to be among bidders for Anbang hotel portfolio

Bloomberg
Bloomberg • 2 min read
GIC said to be among bidders for Anbang hotel portfolio
NEW YORK (May 22): Brookfield Asset Management Inc. and Fortress Investment Group are among the bidders for a portfolio of 15 hotels owned by Anbang Insurance Group Co., according to people familiar with the sales process.
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NEW YORK (May 22): Brookfield Asset Management Inc. and Fortress Investment Group are among the bidders for a portfolio of 15 hotels owned by Anbang Insurance Group Co., according to people familiar with the sales process.

Blackstone Group LP, South Korea’s Mirae Asset Management, and GIC, Singapore’s sovereign wealth fund, are also among the bidders for the hotels, the Financial Times reported earlier today, citing unnamed sources.

Representatives for Fortress, owned by Japan’s Softbank Group Corp., and Brookfield declined to comment. A Blackstone representative also declined to comment.

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