Chinese Insurer to List NYC’s Waldorf Astoria Following Successful Renovation

The iconic Waldorf Astoria hotel, located on Manhattan’s prestigious Park Avenue, is set to hit the market following a comprehensive renovation that has revitalized its historic charm.

Real estate investment bank Eastdil Secured is anticipated to facilitate the sale on behalf of the hotel’s current Chinese owners. This information comes from a source familiar with the situation, who requested anonymity due to the private nature of the matter.

As of now, a representative from Eastdil has not responded to requests for comment. The Wall Street Journal was the first to report on the impending sale earlier this week.

In 2014, China’s Anbang Insurance Group made headlines by acquiring the Waldorf for a staggering $1.95 billion, marking the highest price ever paid for a hotel property at that time. Following the acquisition, the new owners closed the hotel to embark on a lengthy renovation project. This extensive overhaul aimed to restore the luxury hotel to its former glory while also converting a number of its rooms into high-end condominiums.

Last year, the hotel, now under the ownership of state-run Dajia Insurance Group, reopened its doors to the public. The reopening was met with widespread acclaim, and the hotel has since enjoyed high occupancy rates and premium room prices.

Dajia Insurance Group has not yet responded to inquiries regarding the sale.

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Copyright 2026 Bloomberg.

Topics
China

The iconic Waldorf Astoria hotel, located on Manhattan’s prestigious Park Avenue, is set to hit the market following a comprehensive renovation that has revitalized its historic charm.

Real estate investment bank Eastdil Secured is anticipated to facilitate the sale on behalf of the hotel’s current Chinese owners. This information comes from a source familiar with the situation, who requested anonymity due to the private nature of the matter.

As of now, a representative from Eastdil has not responded to requests for comment. The Wall Street Journal was the first to report on the impending sale earlier this week.

In 2014, China’s Anbang Insurance Group made headlines by acquiring the Waldorf for a staggering $1.95 billion, marking the highest price ever paid for a hotel property at that time. Following the acquisition, the new owners closed the hotel to embark on a lengthy renovation project. This extensive overhaul aimed to restore the luxury hotel to its former glory while also converting a number of its rooms into high-end condominiums.

Last year, the hotel, now under the ownership of state-run Dajia Insurance Group, reopened its doors to the public. The reopening was met with widespread acclaim, and the hotel has since enjoyed high occupancy rates and premium room prices.

Dajia Insurance Group has not yet responded to inquiries regarding the sale.

Related:

Copyright 2026 Bloomberg.

Topics
China