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Story summary
- Waldorf Astoria New York, owned by Anbang Insurance Group, will be sold after its November 2025 reopening, with restaurants and shops included and condominiums sold separately.
- The renovation cost over $4 billion.
- The renovation reduced the hotel from 1,400 rooms to 375 guest rooms and 372 residences.
- Hilton Worldwide manages the property under a long-term contract, not owning it.
- The expected sale price exceeds $1 billion, limiting potential buyers.
