China's Anbang acquired Hilton's NY Waldorf for $1.95 billion
Chinese investors of Anbang Insurance Group has acquired Hilton's Waldorf Astoria New York for $1.95 billion.
This is the largest-ever sale of a US hotel and also the largest US real estate purchase by a Chinese investment firm. The 47-story 1,413 room Waldorf Astoria was the tallest and largest hotel in the world when it opened at its current location in 1931. Anbang Insurance Group is based in Beijing with more than $114 billion in assets.
To see listing and email addresses of investors from China similar to Anbang Group, check the Chinese Investors Directory
More details follows
October 8, 2014 | Filed under Anbang Insurance Group, Chinese Hotel Investors, Chinese Real Estate Investors
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