Behind the $2B Waldorf Astoria sale

A blow-by-blow account of Anbang’s deal to buy the iconic hotel

From the March issue: It was a deal no one saw coming when a little-known Chinese insurance company burst onto the scene this fall to buy the iconic Waldorf Astoria for nearly $2 billion. But it turned out to be the largest ever Chinese investment in a single Manhattan property and one that sources described as a “chairman to chairman” deal, negotiated at the highest levels. [more]

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