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Classic Waldorf Hotel to Be Gutted, Up to 1,100 Rooms Turned Into Condos

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China’s Anbang, acquirer of the New York landmark, is finalizing plans to shut the hotel for up to three years and convert as many as three-quarters of its rooms into private apartments. The Chinese acquirer of the Waldorf Astoria is finalizing plans for an extensive overhaul that would shut the landmark New York hotel for up to three years and convert as many as three-quarters of its rooms into private apartments, people familiar with the matter said. – READ MORE

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