Waldorf Astoria New York
In October 2014, the Anbang Insurance Group, based in China, was announced to have purchased the Waldorf Astoria New York for US$1.95 billion, making it the most expensive hotel ever sold. On July 1, 2016, Anbang announced plans to refurbish the hotel and turn some rooms into condominiums. Under the plan, some of the hotel's rooms will be turned into apartments, with the remainder of the rooms remaining hotel suites.