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American Financial Group, Inc. Announces the Sale of Le Pavillon Hotel

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CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today the sale of Le Pavillon Hotel, its luxury hotel property located in New Orleans, Louisiana. AFG expects to recognize a non-core after-tax gain of approximately $25 million in the second quarter of 2015. The property was owned and managed by a subsidiary of Great American Insurance Company, AFG’s flagship property and casualty insurer. S. Craig Lindner, Co-Chief Executive Officer of AFG, commented, “The Le Pa

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