The Chinese investor Anbang is reportedly in exclusive talks to sell one of the largest hotels in the center of Amsterdam to the French insurer AXA. Bloomberg news agency reports based on insiders that a bid of 425 million euros for Double Tree Hotel by Hilton Amsterdam Central is currently being discussed.

No definitive deal has yet been concluded. Triplewood Holding, part of AXA, recently requested permission from the Consumer & Market (ACM) regulator to take over Wisdom Property. That company is engaged in the operation of the Amsterdam hotel.

Anbang was previously very active in the acquisition market, but is now suffering from a huge mountain of debt. Concerned Chinese authorities intervened and placed the company under guardianship. Recently, Anbang has been trying to sell many assets to get the finances back in order. The Dutch insurance company Vivat also ended up in Chinese hands. It has recently been announced that Vivat will be taken over by insurance companies NN Group and Athora.

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