New York’s legendary Waldorf Astoria hotel is no longer owned by Hilton Group, but Chinese companies Anbang, who paid $ 1.95 billion for it. The world’s largest hotel operator will continue to manage the famous building with 1,232 rooms in Manhattan, and it will soon be completely renovated. Hilton bought the hotel on Park Avenue in 1972, and in February this year to speaks about a possible sale. The money will be invested in the purchase of “new hotel capacity in the United States in one or more transactions.” The contract stipulates that during next century Hilton will manage the first hotel that introduced room service.
“We are very excited to be entering into this long-term relationship with Anbang, which will ensure that the Waldorf Astoria New York represents the brand’s world-class standards for generations to come. This relationship represents a unique opportunity for our organizations to work together to finally maximize the full value of this iconic asset on a full city block in midtown Manhattan,” said Christopher J. Nassetta, president and chief executive officer, Hilton Worldwide.
Waldorf Astoria was opened in 1931 and its 47 floors was then the tallest hotel in the world. The building is one of the most recognizable edifice in Manhattan.