Waldorf-Astoria is not for sale

The Waldorf Astoria isn’t for sale. That’s according to the CEO of Hilton Worldwide Holdings, which manages the iconic New York City hotel on behalf of Anbang Insurance Group. Despite reports that the Chinese firm is selling off assets, “at the moment, the Waldorf is not one of them,” Christopher Nassetta said during an earnings call Wednesday. He said Anbang plans to plow ahead with a luxury condo conversion, and noted that the hotel is […]

Source: Real Estate

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