With the U.S. and China trading allegations of cyber- espionage, the hotel’s ownership change will prompt the U.S. to ensure the privacy of government officials gathering at the hotel.
Hilton Worldwide Holdings Inc. is considering buying high-end urban hotels or resorts to spend $1.95 billion in proceeds from the sale of Manhattan’s Waldorf Astoria hotel.
Beijing-based Anbang Insurance Group Co. Ltd. announced to buy the iconic Waldorf Astoria New York for about US$1.95 billion.
While we asked about Hilton’s plans for a lifestyle brand, the CEO Nassetta was still not talking. However, Nassetta did elaborate on innovation, the resort business and the iconic Waldorf Astoria in New York City.
Waldorf Astoria Beijing is operated by Hilton Worldwide and owned by China Oil & Foodstuffs Corporation (COFCO).
The Waldorf Astoria Beijing is slated to open in January 2014.
The Virginia, US-headquartered hotel chain operator, bought by private equity firm Blackstone in 2007, planned to focus on expanding its top luxury hotel brands, including Waldorf Astoria and Conrad.
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