Do the Chinese still own the Waldorf Astoria?
Do the Chinese still own the Waldorf Astoria? The takeover means that the Waldorf Astoria, which Anbang purchased from Hilton Worldwide in October 2014 for $1.95 billion, is now directly under the Chinese government.
What hotel chain does China own in the US?
Chinese investment in U.S. real estate was just dealt a major blow. On Friday, the Chinese government announced that it has seized control of Anbang Insurance Group, the Shanghai-based conglomerate that owns New York City's Waldorf Astoria hotel, 16 Strategic Hotels & Resorts properties and other global assets.