www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Insurance group buys the Waldorf

By JACK FREIFELDER in New York (China Daily) Updated: 2014-10-08 03:50

Insurance group buys the Waldorf

The Waldorf Astoria, a landmark New York hotel, is to be sold to Anbang Insurance Group for $1.95 billion, one of the highest prices per room ever paid for a US hotel. Jack Freifelder / China Daily 

China's Anbang Insurance Group has acquired the world-renowned Waldorf Astoria hotel in New York for $1.95 billion.

Hilton Worldwide Holdings said on Monday it has reached an agreement to sell the 60,000-square-foot landmark property that straddles Lexington and Park avenues.

It will be the largest amount paid for a US hotel, according to research firm Lodging Econometrics, and the highest price paid by a Chinese buyer for a US property, according to commercial real estate brokerage CBRE Group.

When Anbang's purchase is completed, Chinese investors will have spent $2.7 billion on New York-area real estate in 2014, exceeding last year's total by $100 million, according to Real Capital Analytics, a research firm that tracks commercial real estate sales.

The purchase is Anbang's first major deal in the United States, and The Wall Street Journal reported on Monday that Anbang had to beat out two other bidders.

"There really are no other sales to compare it with," Bruce Ford, senior vice-president and director of global business development at Lodging Econometrics, told Bloomberg News on Monday. "It is the most unique asset with the most unique location in the world."

The historic hotel has been the top-choice accommodation for a series of Chinese leaders and celebrities including former leaders Deng Xiaoping, Jiang Zemin and Hu Jintao.

Last month, the Waldorf Astoria was abuzz with hundreds of investors gathered to see Alibaba Group Holding founder Jack Ma kick-start the company's IPO roadshow.

The venue was fitting in its history and grandeur for an event that would lead to the biggest IPO ever. However, Ma is only the latest in a long line of famous Chinese to have graced the hotel, which has often witnessed key developments in China-US relations over the course of its illustrious history.

After the founding of the People's Republic of China, the hotel remained the accommodation of choice. Deng Xiaoping, then vice-premier, stayed there during his first trip to the US to attend the United Nations General Assembly in 1974. It was also there that the US secretary of state, Henry Kissinger, hosted a banquet in honor of Deng.

Deng set a precedent for future Chinese leaders.

Former president Jiang Zemin stayed at the Waldorf Astoria during his first trip to the US in 1997 and again in 2000, when he met with then-president Bill Clinton.

His successor, Hu Jintao, followed suit, staying in September 2005 to attend the 60th anniversary of the United Nations and in September 2009 for a meeting with President Barack Obama.

Other Chinese leaders to have stayed at the Waldorf Astoria include Li Peng, Zhu Rongji and Wen Jiabao.

Under the purchase agreement, Hilton will manage the 1,232-room hotel. The two companies said they plan to undertake a major renovation that will "restore the property to its historic grandeur", according to a media release.

Christopher J. Nassetta, president and CEO of Hilton Worldwide, said in a statement on Monday that Hilton is very excited to be starting a long-term relationship with Anbang.

"This relationship represents a unique opportunity for our organizations to work together to finally maximize the full value of this iconic asset on a full city block in midtown Manhattan," Nassetta said.

"It will ensure that the Waldorf Astoria New York represents the brand's world-class standards for generations to come."

Hilton said it plans to use the proceeds from the sale to make additional acquisitions in the hotel and hospitality sector, but no information about future purchases has been announced.

Kevin Mallory, global head of the hotel unit at CBRE Group, said the $1.95 billion for the Waldorf Astoria is the most paid by a Chinese buyer for a US property.

"We're seeing a diversification strategy being employed by insurance companies and others, and it's also true when it comes to private Chinese investors," Mallory said in an interview with Bloomberg News.

Mu Chen contributed to this story.

 Investors targeting overseas property

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产黄色片在线免费观看 | 偷拍精品视频一区二区三区 | 99热碰| 手机看片国产免费 | 亚洲日本aⅴ片在线观看香蕉 | 欧美视频网站在线观看 | 亚洲一区二区影院 | 91久久香蕉 | 人成18亚洲资源在线 | 国产精品久久久久免费 | 中国农村一级毛片 | 国产三级精品三级 | 免费91最新地址永久入口 | 麻豆影音 | 性成人动作片在线看 | 国产普通话一二三道 | 成年人在线观看视频网站 | 成人午夜视频在线观 | 国产高清精品一区 | www.亚色| 色午夜在线 | 亚洲国产一区二区三区四区 | 成人三级做爰在线视频 | 午夜免费一级片 | 欧美午夜不卡在线观看最新 | 国产一区二区三区在线免费观看 | 夜色www | 国产人成 | 收集最新中文国产中文字幕 | 波多野结衣中文无毒不卡 | 殴美毛片| 精品国产a | 国产成人高清精品免费软件 | 欧美日韩一区二区在线观看 | 中文字幕一区二区三区 精品 | 久久免费视频播放 | 国产精品免费一级在线观看 | 亚洲精品中文一区不卡 | 亚洲国产高清视频在线观看 | 中文字幕在线乱码不卡区区 | se视频在线观看 |