Waldorf-Astoria NY Hotel to Shut Down for Up to Three Years
June 27, 2016China’s Anbang Insurance Group, which bought the Waldorf from Hilton Worldwide Holdings Inc. in 2014 for $1.95 billion, will close the hotel starting next spring, The Wall Street Journal reported.
When the 85-year-old city landmark on Park Avenue in Midtown reopens, it will have just 300 to 500 guest rooms, the Journal reported, down from the current 1,413.