Insurance group buys the Waldorf
By Jack Freifelder in New York | China Daily | Updated: 2014-10-08 07:39
Hotel being sold for $1.95b has hosted a long list of Chinese VIPs
China's Anbang Insurance Group has acquired the world-renowned Waldorf Astoria hotel in New York for $1.95 billion.
Hilton Worldwide Holdings said on Monday it has reached an agreement to sell the 60,000-square-foot landmark property that straddles Lexington and Park avenues.
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