About to buy a package of fancy hotels? Best to find someone to run them. Over the weekend, news broke that Chinese insurance group turned property titan Anbang was to acquire Strategic Hotels & Resorts, the owner of 16 luxury properties, for $6.5bn. That transaction, yet to be formally announced, comes just three months after Strategic had been bought by the Blackstone Group for $6bn. If Blackstone had funded this with one-third equity, its annualised return on the buyout would be 100 per cent.
將要收購一批豪華酒店?最好找到合適的人才負責運營。上週末傳出的訊息是,一家由保險集團轉變成的中國地產巨擘安邦(Anbang),斥資65億美元收購了旗下擁有16家豪華酒店地產的Strategic Hotels & Resorts。這筆交易尚未被正式宣佈,但在僅3個月前,黑石集團(Blackstone Group)剛以60億美元將這些豪華酒店收入囊中。如果黑石用股票爲三分之一的交易買單,那麼其收購交易的年化回報率將達100%。