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US Reviewing Chinese Purchase of Waldorf Hotel

The U.S. government is reviewing the Hilton Company's planned sale of the famed Waldorf Astoria hotel in New York City to a Chinese insurance company. A spokesman for the U.S. Mission to the United Nations, Kurtis Cooper, said Tuesday that last week's $1.95 billion sale to Anbang Insurance Group is being scrutinized. He said particular attention will be given to a planned major renovation included in the terms of the deal. The Waldorf Astoria has been home to U.S. envoys to the...

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