Anbang Said to Complete Most of $6.5 Billion U.S. Hotels Deal | bloomberg.com

Anbang Insurance Group Co. completed most of its $6.5 billion acquisition of Strategic Hotels & Resorts Inc., helping to bolster the Chinese company’s credibility as a global buyer after its abrupt withdrawal from the bidding war for Starwood Hotels & Resorts Worldwide Inc. earlier this year. The insurer bought 15 of Strategic’s 16 properties, according to people with knowledge of the deal. It’s the second-largest U.S.