The buyout was one of almost a dozen legal disputes over major transactions that fell apart as the coronavirus pandemic spread

Dajia said it has satisfied all terms of the sale. But Mirae cited a myriad of reasons why it can’t close, including hotel shutdowns caused by the Covid-19 virus

Beijing-based insurer sues South Korean firm over deal to purchase portfolio of U.S. luxury hotels

Insurance firm bought the properties’ owner for about $5.5 billion in 2016

Purchase by South Korean asset manager could value 15 premier properties at $5.5 billion, sources say