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PROPERTY STORIES / WALDORF ASTORIA

One landmark. Two ways to sell it.

Anbang agreed to pay $1.95 billion for the Waldorf Astoria. After eight years behind closed doors, the same building contained a different business: a smaller hotel and hundreds of homes for sale.

By Ben · Fintok6 min read6 sources ↓
The whole Waldorf Astoria building, seen from street level on Park Avenue (Nov 2025)Waldorf Astoria Park Avenue facade and tower, 2014Main lobby of the Waldorf Astoria with the lobby clock, 2010
Places from the story · Photo credits ↓
THE 2014 AGREEMENT$1.95bn

Hilton agrees to sell the property to Anbang

THE REOPENED HOTEL375 rooms

Down from about 1,400

THE RESIDENTIAL COMPONENT372 homes

Hilton’s July 2025 announced count

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The Waldorf Astoria’s $1.95 billion purchase, eight-year transformation and the split between a hotel sale and individual condo sales. Join the free newsletter to keep reading.

  • The renovation changed what could be sold.
  • Preservation made this more complicated than replacing the rooms.
  • The original owner did not remain in charge of the project.
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6 sources · Research reviewed October 25, 2026