Pankaj49. Strategic Hotels & Resorts Inc
Headquarters: Chicago, Illinois
Bought By: Anbang Insurance Grou
Headquarters: Beijing, China
Strategic Hotels & Resorts Inc is a hotel chain company, currently with 17 luxury hotels within the United States, and uniquely, one hotel in Germany. The successful company was founded in 1997, by real estate investor and philanthropist Laurence S. Geller.
In 2016, the company was bought out by the Chinese company Anbang Insurance Group, for a reported $6.5 million. The initial deal fell through however, and they ended up buying the company for $1 million less, as one of their properties was forbidden from being sold by the US government for its proximity to a navy base.