Hilton's Waldorf Astoria sold to Chinese insurer for $1.95bn
Hilton Hotels' flagship outlet the Waldorf Astoria
New York - AFP
A Chinese insurance company has bought Hilton's New York luxury flagship hotel the Waldorf Astoria for $1.95 billion, the US hotel giant said Monday.
Anbang Insurance Group has agreed "to restore the property to its historic grandeur" and will allow Hilton to manage the property for the next 100 years, Hilton Worldwide Holdings said.
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