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Hilton Worldwide Acquires Five Landmark Hotels

Hilton Worldwide Holdings announced it closed its previously-announced sale of the Waldorf Astoria New York to Anbang Insurance Group Co.Ltd. for $1.95 billion. In addition, Hilton
 Worldwide has signed agreements to redeploy the proceeds of the sale to add five landmark properties in strategic resort and urban locations to its owned portfolio:

“Our relationship with Anbang will ensure the Waldorf Astoria New York will continue to be a marquee hotel for the Waldorf brand long into the future, and will enable Hilton Worldwide and Anbang to build on the hotel’s rich legacy and traditions.”