Tag: Waldorf Astoria Hotel

Anbang Adds $1 Billion Korean Company to its Conquests

By Ellen Huber China’s state-owned Anbang Insurance Group Co. Ltd. has signed a memorandum of understanding to acquire a 57.5 percent stake in South Korea’s Tong Yang Life Insurance Co. for about 1.1 trillion Korean Won ($1.01 billion), according to...

/ February 6, 2015

Chinese Insurance Group Purchases Waldorf Astoria Hotel

By Lauren Dodillet China’s state-owned Anbang Insurance Group Co. Ltd. agreed to buy New York City’s landmark Waldorf Astoria Hotel from Hilton Worldwide Holdings Inc. for $1.95 billion on Monday, reports Forbes. The deal sets dual all-time records: the largest...

/ October 8, 2014