Articles tagged “waldorf”

Chinese Merger Money in Travel Will Likely Dry Up

Chinese Merger Money in Travel Will Likely Dry Up

Brooke Sutherland, Bloomberg

Conventional wisdom in the last few years had Chinese investors from Anbang to HNA poised to scoop up and consolidate U.S. travel companies, meaning Google, Booking, Expedia and TripAdvisor weren't the only games in town. That prospect has faded, if not disappeared, although strategic buyers in China may still make some noise.

2 years ago

Anbang May Be Forced To Sell Waldorf Astoria Hotel and Other Overseas Assets

Anbang May Be Forced To Sell Waldorf Astoria Hotel and Other Overseas Assets

Bloomberg News, Bloomberg

Anyone want to buy a historic hotel in midtown Manhattan? The Chinese government’s desire to curb foreign investments may have a big impact on the U.S. travel industry and especially hotel companies.

2 years ago

Anbang Closes Iconic Waldorf Astoria in New York for Condo Makeover

Anbang Closes Iconic Waldorf Astoria in New York for Condo Makeover

Verena Dobnik, Associated Press

Traditionalists won't be happy but Anbang could conceivably recoup much of the purchase price for the Waldorf through the condominium conversions. The Plaza Hotel in New York, and others, have already written this condo-hotel playbook.

3 years ago

Waldorf Astoria New York’s Secrets Range From a Train Station to Clandestine Entrance

Waldorf Astoria New York’s Secrets Range From a Train Station to Clandestine Entrance

Nikki Ekstein, Bloomberg

The Waldorf Astoria isn't alone in having this mystery and history to share, and more properties would do well to dig deeper into their own stories to share with guests.

3 years ago

U.S. Government Confirms It Will Shun Hilton-Managed NY Waldorf-Astoria Hotel

U.S. Government Confirms It Will Shun Hilton-Managed NY Waldorf-Astoria Hotel

Matthew Lee , Associated Press

If the New York Waldorf Astoria poses a security risk to U.S. government guests, then business travelers carrying sensitive company documents would be wise to likewise reconsider the proposition. At any rate, the Waldorf Astoria's loss is the New York Palace Hotel's gain.

4 years ago

Luxury Resorts Attract Investors as Business Travel Rebounds

Luxury Resorts Attract Investors as Business Travel Rebounds

Nadja Brandt , Bloomberg

As long as airfares are relatively stable and group business travel continues to recover, then investors see luxury resorts as ripe for further development.

5 years ago

Hilton Sees Filling Rooms on Weekends as New Trend

Hilton Sees Filling Rooms on Weekends as New Trend

Dennis Schaal, Skift

For chains such as Hilton Worldwide, which attract their share of business travelers, figuring out a way to fill rooms on the weekends is a constant challenge. Hilton is making progress, though, and perhaps the trend of road warriors tacking on leisure trips could be a contributing factor.

5 years ago