A massive Chinese company is trying to get its hands on some of America's most iconic hotel brands

Anbang Insurance, which bought the Waldorf Astoriain is expanding in the US market again. It has agreed to buy a portfolio of hotels from Blackstone Group for $6.5 billion, which includes sixteen hotels across the US. And the merger of Marriott and Starwood Hotels is broken by the bid led by Anbang as well. This deal includes over 1200 properties, including St. Regis, the Westin and Four Points, etc. Last year, Anbang acquired 717 Fifth Avenue in New York and it also tried to buy a German real estate company. Overseas real estate is playing an increasing important role for the insurance company. Anbang has businesses in financal leasing, banking and asset management as well. Its deals in financial services and insurance include the acquisition of Fidelity & Guaranty Life and FIDEA, as well as investment in Tongyang Life Insurance. Read more here.