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Monday, October 6, 2014

Hilton to sell NY's Waldorf Astoria hotel to Chinese insurer, (NYSE: HLT)

Hilton Worldwide Holdings Inc said it would sell the landmark Waldorf Astoria New York hotel to Chinese insurer Anbang Insurance Group Co Ltd for about $1.95 billion. Waldorf Astoria New York is the flagship hotel of the company's luxury brand, Waldorf Astoria Hotels & Resorts.

Hilton Worldwide Holdings Inc. is a hospitality company. Shares of HLT remained unchanged at $24.32. In the past year, the shares have traded as low as $20.55 and as high as $25.92. On average, 4105790 shares of HLT exchange hands on a given day and today's volume is recorded at 3770.