Hilton selling the Waldorf Astoria New York for $1.95 billion


According to the Associated Press, Hilton Worldwide is selling the Waldorf Astoria New York to Chinese insurance company Anbang Insurance Group Co. for $1.95 billion.

Hilton will continue to manage the storied hotel for the next 100 years as part of an agreement with Anbang.

The Waldorf As

Source: blog.chron.com

See on Scoop.itRodrick’s Blog

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