Luxury condos at the Waldorf Astoria hotel in New York are expected to go on sale in the fall as the supply of new high-end apartments is expected to be at a peak
Luxury condos at the Waldorf Astoria hotel are expected to go on sale in the fall, as the historic property’s Chinese owner advances its redevelopment plans despite a market glut and political tensions with the U.S.
Beijing-based Anbang Insurance Group Co. bought the Waldorf for $1.95 billion in 2015, a record price for a U.S. hotel. In 2017, it shut down the property to renovate and convert hundreds of the more than 1,400 guest rooms into private residences.
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