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Business / Companies

BOC to buy $600m building in NYC

(chinadaily.com.cn) Updated: 2014-12-09 18:55

Waldorf Astoria hotel, New York City

China's Anbang Insurance Group acquired the world-renowned Waldorf Astoria hotel in New York for $1.95 billion.

Hilton Worldwide Holdings said on Oct 6, 2014, that it had reached an agreement to sell the 60,000-square-foot landmark property that straddles Lexington and Park avenues.

BOC to buy $600m building in NYC

View of Waldorf Astoria, the landmark New York hotel, on Oct 6, 2014 in New York City. [Photo/CFP]

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