China's Anbang Insurance Group which owns the Waldorf Astoria in New York City, says it plans to close the landmark hotel for up to three years to convert the majority of the hotel's rooms into private apartments. The WSJ's Lee Hawkins explains.
Waldorf Astoria to Be Gutted, Turned Into Condos
China's Anbang Insurance Group which owns the Waldorf Astoria in New York City, says it plans to close the landmark hotel for up to three years to convert the majority of the hotel's rooms into private apartments.
China's Anbang Insurance Group which owns the Waldorf Astoria in New York City, says it plans to close the landmark hotel for up to three years to convert the majority of the hotel's rooms into private apartments. The WSJ's Lee Hawkins explains.
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