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Hilton Claims Anbang Financial Woes Won’t Impact Management of Waldorf Astoria

By David M. Levitt and Patrick Clark, Bloomberg

Bloomberg

The historic Waldorf Astoria in New York hotel is under renovation, but its owner, Anbang Insurance Group, is facing major financial woes. Bloomberg

Skift Take: While Hilton has emphasized that Anbang’s financial woes won’t impact its long-term management contract at the original Waldorf Astoria hotel in New York, we can only imagine the sighs of relief Starwood employees must be issuing, knowing Anbang could have been their new owner instead of Marriott.

— Deanna Ting

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