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Chinese Insurance co Devouring our Hotels.

mbig

mbig

onomatopoeic
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Just a few months ago they bought the Waldorf Astoria for $2 Billion.
That's OUR money they're using. That's what keeping their currency artificially low for 2 decades has done.
They are increasingly owning Us.
Trump has this right.
And Anbang, in particular, is reportedly close to the Chinese Govt.

What’s behind Anbang’s record-breaking $19B hotel play?
TRD examines why the politically-connected Chinese insurance giant acquired the Strategic Hotels portfolio and bid $13B on Starwood
March 17, 2016 - By Konrad Putzier
Anbang Hotels | Chinese Investors NYC Real Estate | Anbang

In a single weekend, Anbang Insurance Group laid out $19.3 billion in cash to acquire two marquee U.S. hotel portfolios, an enormous sum that roughly represents the total volume of Chinese investment in U.S. commercial real estate from 2007 to 2015.

On Sunday, the business world was buzzing about the Beijing-based insurer’s deal to buy the 16-property Strategic Hotels & Resorts portfolio from the Blackstone Group for a record $6.5 billion. Just hours later, the Associated Press reported that a consortium led by Anbang was the mystery bidder behind the $12.8 billion cash offer for hotel owner and operator Starwood Hotels & Resorts.

Anbang’s play comes as industry leaders voice concern that Chinese investment in U.S. commercial assets has reached a peak. If both deals close (which is far from certain in the case of Starwood), Anbang will have spent close to 10 times the total it paid Blackstone for the Waldorf Astoria hotel a year ago.
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They already own USA because they are financing your debts.
 
Anbang will have spent close to 10 times the total it paid Blackstone for the Waldorf Astoria hotel a year ago.
Click to expand...

Whoa, that oughta raise the value of real estate... and might even raise the value of Trump's hotel real estate empire. Hmm...
 
mbig said:
Just a few months ago they bought the Waldorf Astoria for $2 Billion.
That's OUR money they're using. That's what keeping their currency artificially low for 2 decades has done.
They are increasingly owning Us.
Trump has this right.
And Anbang, in particular, is reportedly close to the Chinese Govt.
Click to expand...


But if its our debt, then aren't we using their money to buy their goods?
 
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