Waldorf Astoria conversion unaffected by removal of Anbang chairman
New York City – 15 June 2017 –
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, said its chairman was no longer able to carry out his duties, according to a company spokesman in the US.
“Anbang’s US business is operating as normal; we continue to operate our properties and move forward with our development projects,” the company said in a statement emailed by a representative in New York, Bloomberg reported. … Read More