Waldorf-Astoria has been the scene of many films and was briefly the residence of Marilyn Monroe after she left Hollywood
However, Hilton will continue to operate the New York property “for the next 100 years”, including renovating the property in the coming months.
Shares in Hilton jumped 3% on news of the sale, before later declining.
Hilton said it will use the proceeds from the sale to invest in other hotels and assets in the US.
“This relationship represents a unique opportunity for our organizations to work together to finally maximize the full value of this iconic asset on a full city block in midtown Manhattan,” said Christopher J. Nassetta, president and chief executive officer of Hilton Worldwide, in a statement.
Conrad Hilton, the eponymous founder of the hotel firm, bought the Waldorf in 1949, 18 years after it opened.
Waldorf-Astoria has been the scene of many films, such as Weekend at the Waldorf, and was briefly the residence of Marilyn Monroe after she left Hollywood.
ipnUa9uxM60Sydney has welcomed 2025 with a spectacular fireworks display - cheers erupted as the clock struck midnight…
Following an eight-year legal battle, Angelina Jolie and Brad Pitt have reached a divorce settlement,…
Former President Jimmy Carter died on December 29 at the age of 100 after spending several…
Georgia’s outgoing president Salome Zourabichvili refused to step down on December 29, saying she was…
The bald eagle has been officially declared the national bird of the United States, after…
Dozens of passengers have survived a crash involving a plane carrying 69 people in Kazakhstan,…
