Concerned about potential security risks, the U.S. government is taking a close look at the Oct. 6 sale of the Waldorf Astoria New York to Anbang Insurance Group, according to US News & World Report. The Beijing-based insurance group purchased the hotel from Hilton Worldwide for $1.95 billion last week. Terms of the sale allow Hilton to continue managing the property for the next 100 years, and specify that the hotel will undergo a major renovation. Officials said the sale could have implications for the government’s longstanding relationship with the hotel, which serves as home to the American ambassador to the United Nations and hosts the president and hundreds of U.S. diplomats during the annual U.N. General Assembly. Read more over at US News & World Report.
