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Anbang Sells Its U.S. Luxury Hotels to South Korea’s Mirae for $5.8 Billion

By Patrick Clark and Gillian Tan, Bloomberg

Bloomberg

The Westin St. Francis, San Francisco. Bloomberg

Skift Take: Anbang bought the U.S. trophy hotels for $5.5 billion in 2016 and now offloads it to Mirae for a little more than $5.8 billion — seems a good price for the South Korean firm.

— Raini Hamdi

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