Posted on 10/06/2014 7:10:24 PM PDT by Steelfish
New York's Waldorf Astoria Hotel Sold To Chinese Company For Nearly $2BN Arbang Insurance Group snatches up glamorous New York City hotel but Hilton will continue to manage it for the next 100 years
nza in New York
6 October 2014 Debutantes and their escorts fill the dance floor of the Grand Ballroom at New York’s famed Waldorf Astoria Hotel. Photograph: Mike Segar/Reuters A Chinese insurance company is buying one New York’s most glamorous hotels – the Waldorf Astoria in midtown Manhattan.
Anbang Insurance Group Co Ltd is purchasing the Waldorf for $1.95bn from a subsidiary of Hilton Worldwide Holdings Inc. Anbang will pay Hilton a $100m deposit, and is expected to pay off the hotel’s $525m mortgage as part of the deal. Hilton will continue to manage the hotel for the next 100 years.
“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,” said Christopher J Nassetta, Hilton Worldwide CEO.
(Excerpt) Read more at theguardian.com ...
Cameras, listening devices and wire tapping will be added later
“Sorry, but we’re fresh out of Waldorf” /obscure
The Chinese government has to spend all that debt somewhere
For that money, they could build new with warranties.
Oh boy
The Majarincess of Franistan would be dismayed
For that money, they could build new with warranties.
“Sorry, but we’re fresh out of Waldorf” /obscure
and a Screwdriver
My mother will not be pleased.
Of course, neither am I. Not that ol’Paris is such a paragon of business.
Feinstein? She and her husband aren’t in on this deal, are they?
To increase business at the Tropicana, Lucy concocts a publicity scheme that is prompted by a newspaper item claiming that the Shah of Persia has all of Benny Goodman’s records. Lucy decides to become the Maharincess of Franistan, who travels halfway around the globe to see her singing idol, Ricky Ricardo. She books a suite at the Waldorf-Astoria hotel, calls all the newspaper editors in town...
Well perhaps do to Chinese like we did with real estate to Japan.
Place needs updating...
“But whatever you do, don’t mention the war.”
Now Chinese can drop their used TP in the waste can and blow their noses on the tile, and not think twice about it.
The Chinese government has to spend all that debt somewhere.
I believe we owe them over a trillion dollars. I say we give them Detroit, Washington DC, and California and call it even.
are those caterpillars?
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