NYC’s Waldorf Astoria to Hit Market After Acclaimed Renovation

The Waldorf Astoria hotel on Manhattan’s Park Avenue is coming up for sale following an extensive renovation.

Real estate investment bank Eastdil Secured is expected to bring the hotel to market on behalf of the hotel’s Chinese owners, according to a person familiar with the plans, who asked not to be named discussing a private matter.

A representative for Eastdil didn’t immediately respond to a request for comment. The Wall Street Journal reported on the planned sale earlier Wednesday.

The Waldorf Astoria hotel reopened last year following an extensive renovation.

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China’s Anbang Insurance Group agreed to acquire the Waldorf in 2014, paying a record $1.95 billion for the property. The ...