View of Waldorf Astoria, the landmark New York hotel. [File photo]

Waldorf Astoria hotel

China's Anbang Insurance Group has acquired the world-renowned Waldorf Astoria hotel in New York for $1.95 billion.

Hilton Worldwide Holdings said on Oct 6, 2014 that it has reached an agreement to sell the 60,000-square-foot landmark property that straddles Lexington and Park avenues.