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Monthly Archives: March 2016

Anbang Drops $14 Billion Bid for Starwood Hotels

In a surprise ending to a three-week bidding war, a consortium led by China’s Anbang Insurance Group Co. Ltd. on Thursday dropped its $14 billion offer to acquire Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT)

Just three days after raising its offer to $82.75 per share in cash, trumping an increased bid by Marriott International Inc., Anbang and its partners, J.C. Flowers & Co. and Primavera Capital Ltd., cited “various market considerations…

Anbang Drops $14 Billion Bid For Starwood Hotels

In a surprise ending to a three-week bidding war, a consortium led by China’s Anbang Insurance Group Co. Ltd. on Thursday dropped its $14 billion offer to acquire Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT)

Just three days after raising its offer to $82.75 per share in cash, trumping an increased bid by Marriott International Inc., Anbang and its partners, J.C. Flowers & Co. and Primavera Capital Ltd., cited “various market considerations…

Will Foreign Investors Remain Major CRE Buyers in 2016?

Overseas investors plowed a record $70 billion into U.S. commercial real estate in 2015, helping to sustain a steady increase in property values and transaction pace throughout the year.

Having captured such a prominent role in the market, observers are closely monitoring the level of cross-border investment for any sign of a slowdown.

A new report from Cushman & Wakefield issued this week notes the growth pace of capital raising among foreign…

Casinos Go to the Public Market Tables for Acquisition Funding

A pair of the nation’s major casino operators turned to the public capital markets this week to raise money to make new acquisitions.

MGM Resorts International filed public paperwork for its long-anticipated initial public REIT stock offering: MGM Growth Properties, and Gaming & Leisure Properties, the first publicly traded gaming-focused REIT in North America, commenced a secondary offering to sell 19 million common stock shares.

MGM Files…

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