Tag Archives: Hilton Worldwide Holdings Inc (HLT)

Hilton Worldwide Holdings Inc (HLT) Ready to Sell Its Landmark Waldorf Astoria Hotel to Chinese Insurer

Hilton Worldwide Holdings Inc (HLT) Ready to Sell Its Landmark Waldorf Astoria Hotel to Chinese Insurer

Hilton Worldwide Holdings Inc (NYSE:HLT) announced that it has entered an agreement with the Chinese insurer, Anbang Insurance Group Co. to sell its landmark Waldorf Astoria Hotel in Manhattan for $1.95 billion. Anbang Insurance Group Co. agreed to give 100 years management agreement to operate the hotel to the Hilton group under which, the hotel

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