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Waldorf Astoria New York — Hilton to Anbang
$1,950,000,000 · $1,380,042/key
Hilton sold the 1,413-key Waldorf Astoria New York to Anbang Insurance Group for $1.95 billion. Later conversion reduced hotel keys. PPK uses the 2014 room count. This is a trophy going-concern sale, not a rooms-only select-service comp.
The New York Times / Hilton announcement, Oct 2014