{"id":131044,"date":"2026-02-12T08:59:11","date_gmt":"2026-02-12T08:59:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/131044\/"},"modified":"2026-02-12T08:59:11","modified_gmt":"2026-02-12T08:59:11","slug":"waldorf-astorias-chinese-owners-plan-to-sell-iconic-nyc-hotel-wsj-reports","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/131044\/","title":{"rendered":"Waldorf Astoria’s Chinese owners plan to sell iconic NYC hotel, WSJ reports"},"content":{"rendered":"\n

Feb 11 (Reuters) – The Chinese owners of the iconic Waldorf Astoria in New York City are preparing to put the luxury hotel up \u200cfor sale, months after it reopened following a multibillion-dollar overhaul, the \u200cWall Street Journal reported on Wednesday.<\/p>\n

The Park Avenue landmark, reopened in November after an 8-year renovation \u200bfrom a 1,400-room hotel to 375 hotel guest rooms and 372 residences. The transformation was five years behind schedule and more than $1 billion over the initial budget.<\/p>\n

\"FILE FILE PHOTO: FILE PHOTO: A view shows the Waldorf Astoria Hotel in midtown Manhattan in New York City, U.S., July 23, 2025. REUTERS\/Jeenah Moon\/File Photo \u00b7 Reuters \/ Reuters <\/p>\n

The hotel was the setting for the film “Weekend at the Waldorf”, starring Ginger Rogers, and \u200cits $1,000-a-week Suite 2728 was \u2060home to Marilyn Monroe in 1955 after she left Hollywood.<\/p>\n

Waldorf’s adjoining restaurants, shops and other amenities would be included in a \u2060sale, but the condos would continue to be sold separately, the report added, citing people with knowledge of the plans.<\/p>\n

Hilton Worldwide, which has a 100-year management contract for \u200bthe \u200bhotel, sold the property in 2014 to \u200bAnbang Insurance Group, a reinsurance firm \u200cbased in China, for $1.95 billion, making it one of the most expensive hotel sales ever.<\/p>\n

The group spent an additional $2 billion on construction, bringing the total to more than $4 billion.<\/p>\n

The Chinese state-run Dajia Insurance Group was later appointed to manage Anbang’s assets after its CEO, Wu Xiaohui, was prosecuted for economic crimes.<\/p>\n

The seller \u200cdoesn’t expect to get all its costs back \u200bon a sale, however, with an expected billion-dollar-plus \u200bprice tag, only a small \u200bcadre of potential buyers would be able to afford the \u200cflagship property for Hilton’s Waldorf luxury \u200bbrand, the WSJ report \u200badded.<\/p>\n

Hilton told Reuters that it does not own the hotel but manages the property, and directed questions about the sale to the hotel’s owner, \u200bStrategic Hotels & Resorts.<\/p>\n

While Waldorf \u200cAstoria and Dajia Insurance Group did not immediately respond to requests \u200bfor comment, Strategic Hotels & Resorts could not be reached.<\/p>\n

(Reporting by Chandni \u200bShah in Bengaluru; Editing by Rashmi Aich)<\/p>\n","protected":false},"excerpt":{"rendered":"Feb 11 (Reuters) – The Chinese owners of the iconic Waldorf Astoria in New York City are preparing…\n","protected":false},"author":2,"featured_media":131045,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[56201,9,24,56,63,65,64,1826,56200],"class_list":["post-131044","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-luxury-hotel","tag-new-york","tag-new-york-city","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-waldorf-astoria","tag-weekend-at-the-waldorf"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/131044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=131044"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/131044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/131045"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=131044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=131044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=131044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}