Firm Struggling To Convert NYC’s Waldorf Astoria To Condos Eyes $1.3B Sale Of U.S. Resorts

The Four Seasons in Scottsdale, Arizona

The Chinese developer revamping the storied Waldorf Astoria in New York City is hoping to sell three large resorts in its 15-asset luxury portfolio for a combined 10-figure sum.

Dajia Insurance Group Co., which took control of Anbang Insurance Group’s bloated U.S. portfolio, is looking for buyers for the Montage in Laguna Beach, California, the Four Seasons resort in Jackson Hole, Wyoming, and the Four Seasons in Scottsdale, Arizona, The Wall Street Journal reports, citing sources.

The assets are part of the company’s luxury U.S. resorts and hotels portfolio, which stems from Anbang’s