Beijing-based insurance giant Anbang Insurance Group has agreed to purchase a 16 hotel portfolio from the Blackstone group for $6.5 million. The portfolio includes the JW Marriott Essex House at 160 Central Park South, the Four Seasons hotels and resorts in Silicon Valley, Washington and Jackson Hole, Wyoming, as well as the Intercontinental hotels in Chicago and Miami. Blackstone acquired the properties in September of 2015, when it paid $6 billion for Strategic Hotels & Resorts portfolio late last year. The deal marks the largest real estate purchase by a Chinese company in the U.S. to date.
