Jun

Anbang Says Waldorf Astoria Condo Conversion Proceeding Normally

Company says chairman no longer able to perform duties
Insurer bought New York hotel in 2015 for record $1.95 billion

The conversion of New York’s landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays are anticipated after the property’s owner, China’s Anbang Insurance Group Co., said its chairman was no longer able to carry out his duties, according to a company spokesman in the U.S…

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Anbang Says Waldorf Astoria Condo Conversion Proceeding Normally

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