Waldorf Astoria prepares for sale after costly renovation

Feb 12, 2026, 3:31 PM10

(Update: Feb 12, 2026, 3:31 PM)

Waldorf-Astoria Hotel

hotel in New York, United States

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Waldorf Astoria prepares for sale after costly renovation

The Waldorf Astoria underwent a $2 billion renovation, reopening in November after an extensive eight-year closure.
It was originally purchased by Anbang Insurance Group for $1.95 billion in 2014, becoming one of the most expensive hotel sales.
The property is now being prepared for sale, reflecting a significant loss from renovation costs, with only a few potential buyers in sight.

Waldorf-Astoria Hotel

hotel in New York, United States

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