Obama cancels stay at Waldorf

US president switches from Chinese-owned hotel for upcoming UN General Assembly

United States' President Barack Obama has canceled the White House's decades-old reservation at the Waldorf-Astoria Hotel, which was recently purchased by a Chinese insurance company, according to CBS News.

Citing unnamed State Department officials, CBS News said that the White House is expected within days to announce the cancellation, and that Obama and State Department officials and staff will switch from the Waldorf to the New York Palace Hotel when they attend the UN General Assembly meeting in September.