Sale of NYC's Waldorf Astoria Under Investigation
According to a number of news outlets, the U.S. government is investigating last week's sale of the Waldorf Astoria hotel in New York City by Hilton Worldwide to Beijing-based Anbang Insurance Group for $1.95 billion. According to the Crain's New York Business report, citing fears of Chinese espionage and eavesdropping, U.S. officials are reviewing the Oct. 6 sale, whose terms will allow Hilton to manage the hotel for another 100 years. "We are currently in the process of reviewing the details of the sale and the company's long-term plans for the facility," Kurtis Cooper, a spokesperson for the U.S. Mission to the United Nations, told the newspaper. He added that decisions about the future of the U.S. relationship with the Waldorf would be made based on cost, long-term plans for the hotel and the government's security concerns. "The State Department takes seriously the security of its personnel, their work spaces and the official residents," said Cooper. "We are constantly evaluating our security protocols and standard operating procedures to ensure the safety and security of our information and personnel."