The Waldorf Astoria Is Now Owned by the Chinese Government
With one swift move, New York’s Waldorf Astoria and JW Marriott Essex House and the Four Seasons Hotel in Washington, D.C., are now controlled by Beijing/ . Among them is the historic Waldorf Astoria hotel, which as of this week has a new owner. And it's not the typical real-estate tycoon one would expect. In fact, it's the Chinese government. (in Chinese) released on February 23, China's Insurance Regulatory Commission detailed its reasons for taking over the property. What the report stated was that Anbang Insurance Group, a Beijing-based ...
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