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Hungry for US assets, China's Anbang bids $15B for Starwood

2016-03-28 17:48:02| Real Estate - Topix.net

The price for Starwood Hotels continues to rocket higher, with the latest bid from China's Anbang and its partners crossing the $15 billion mark. Starwood Hotels & Resorts Worldwide Inc., whose properties include the St. Regis New York, said Monday that the offer from the Anbang group is "reasonably likely" to be superior than the one made just last week by Marriott International.

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