More than a dozen investor groups have stepped forward to bid on Anbang’s portfolio of 15 hotel properties, which include the Westin St. Francis in San Francisco, the Loews Santa Monica Beach Hotel, the JW Marriott Essex House in New York City and the Four Seasons in Jackson Hole, Wyo. “The fact that a plethora of potential buyers has emerged to bid for Anbang’s properties reveals that the U.S. hotel market remains strong, even this far into the cycle,” says Robert Trantham, a consultant with research firm CoStar Portfolio Strategy. FULL ARTICLE |