Despite a $13.6 billion bid by Marriott International, some industry insiders say Anbang Insurance Group may have enough capital to lock down a takeover offer for hospitality giant Starwood Hotels & Resorts.
If Anbang is successful, iconic buildings such as the W, Sheraton, Westin and St. Regis would join a growing number of New York City properties being snapped up by Chinese investors. The list includes the iconic Waldorf Astoria hotel and the Baccarat hotel.
Watch the video above to see some more trophy properties in New York City that were bought by Chinese firms.
For more videos, visit The Real Deal’s YouTube page.