Hilton in Talks to Buy Four Hotels with Waldorf Proceeds

Hilton Worldwide Holdings is in talks to buy four properties from Blackstone Group and other owners to defer tax payments from its $1.95 billion sale of the Waldorf Astoria New York, according to a Bloomberg report. The assets include Parc 55 Wyndham in San Francisco and two Waldorf Astoria resorts in Key West and one in Orlando, Fla., the article states. Hilton CEO Chris Nassetta said the company is looking to buy resorts and high-end urban hotels with proceeds from the sale of the New York City Waldorf to China’s Anbang Insurance Group.

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