SHANGHAI: Blackstone Group LP, which scored big four years ago when a company it owned sold New York’s Waldorf Astoria hotel for a record-setting price to a little-known Chinese insurer, may soon get a chance to own the iconic landmark again.
The US private equity firm has held initial discussions about bidding for Anbang Insurance Group Co assets in a sale overseen by the Chinese government, people with knowledge of the matter said. The assets include the Waldorf as well as Strategic Hotels & Resorts Inc, which Blackstone sold to Anbang in 2016, said the people.
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