Bidders Line Up to Buy Anbang Luxury Hotel Portfolio

Brookfield Asset Management Inc. and Fortress Investment Group are among the bidders for a portfolio of 15 hotels owned by Anbang Insurance Group Co., according to people familiar with the sales process.Blackstone Group LP, South Korea’s Mirae Asset Management, and GIC Pte, Singapore’s sovereign wealth fund, are also among the bidders for the hotels, the Financial Times reported earlier today [Tuesday], citing unnamed sources.Representatives for Fortress, owned by Japan’s Softbank Group Corp., and Brookfield declined to comment. A Blackstone representative also declined to comment

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