SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
A Chinese insurance company, Anbang Insurance Group, has bought the Waldorf Astoria in New York for $1.95 billion. The flagship of Hilton’s 27 luxury hotels around the world is a cultural icon that has seen guests who included foreign heads of state. Sitting on Park Avenue since 1931, the hotel was acquired by Conrad N. Hilton 65 years ago. Hilton Worldwide will continue to operate the Waldorf for 100 years as part of its strategic partnership with Anbang.
Read the full story on CNN.
A related story is on Rappler.
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