Waldorf Astoria sold to Chinese company for $1.95 billion

The Waldorf Astoria in New York is being sold to a Chinese insurance company for $1.95 billion. Conrad N. Hilton acquired the iconic luxury hotel 65 years ago and on Monday Hilton Worldwide (HLT) announced its sale to Anbang Insurance Group. Hilton will continue to operate the Waldorf for the nex…

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Waldorf Astoria sold to Chinese company for $1.95 billion

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