Corporate News

Waldorf Astoria New York

06 Oct 2014
Anbang Insurance Group became the new owner of the famous Waldorf Astoria, the landmark hotel on Park Avenue, New York

Anbang Insurance Group became the new owner of the famous Waldorf Astoria, the landmark hotel on Park Avenue, New York, with its US$ 1.95 billion purchase on 6 October 2014.

Located in the core area of Manhattan, the Waldorf Astoria has always been known as a historic landmark in New York and one of the world’s foremost luxury hotels with over 90% occupancy rate each year. The deal marked the largest-ever sale of a hotel in the United States. Anbang Insurance Group has also established a long-term strategic partnership with Hilton Worldwide Holdings to continue to provide hotel management services in Waldorf for the next 100 years.

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