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.
将要收购一批豪华酒店?最好找到合适的人才负责运营。上周末传出的消息是,一家由保险集团转变成的中国地产巨头安邦(Anbang),斥资65亿美元收购了旗下拥有16家豪华酒店地产的Strategic Hotels & Resorts。这笔交易尚未被正式宣布,但在仅3个月前,黑石集团(Blackstone Group)刚以60亿美元将这些豪华酒店收入囊中。如果黑石用股票为三分之一的交易买单,那么其收购交易的年化回报率将达100%。