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Iconic Waldorf Astoria Falls To Foreign Ownership

Category: Hotels, Posted:19 Oct 2014 | 06:00 am

One of the hospitality world's most iconic properties the Walforf Astoria has transacted to an Asian buyer.
The hotel has transacted at a reported US$1.95 billon to China based Anbang Insurance.
Hilton Worldwide was the seller and apparently the offer was too good to refuse.
Aside from being a legendary hotel the property bears the namesake of Hilton's luxury tip tier brand.

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