NEW YORK: Anbang Insurance Group Co’s sale of a US$5.8bil portfolio of United States luxury hotels to South Korea’s Mirae Asset Global Investments Co is at risk of collapsing, according to people with knowledge of the matter.
After a lender group led by Goldman Sachs Group Inc failed to garner sufficient investor demand for roughly US$4bil in commercial mortgage-backed securities to finance the transaction, talks shifted to the provision of a similar amount in bridge financing in an attempt to keep the deal alive, the people said, asking not to be identified because the talks are private.