Waldorf to Be Biggest Chinese Property Purchase in U.S.

New York City’s Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their country. Beijing’s Anbang Insurance Group Co. agreed to pay $1.95 billion for the 1,232-room tower on …

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Waldorf to Be Biggest Chinese Property Purchase in U.S.

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