Chinese-owned luxury hotels in the U.S. are flooding the mergers and acquisitions market, starting with New York’s iconic Waldorf Astoria Hotel. The Chinese government-affiliated owner will begin the sale process as early as next month through Eastdil Secured. A Chinese government-owned company also commissioned Eastdil to sell 12 luxury hotels in the Strategic Hotels and Resorts portfolio, including the Four Seasons in Washington DC and JW Marriott Essex House in New York. Anbang Insurance Group acquired the hotel in 2014 for $1.95 billion and invested an additional $2 billion or more. The expected price exceeds $1 billion.

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