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|| China's Anbang acquired Hilton's NY Waldorf for $1.95 billion

chinese-hilton.jpgChinese 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.

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More details follows

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