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Description
Waldorf-Astoria hotel set to close indefinitely New York's famous Waldorf-Astoria hotel is set to close indefinitely for a renovation which is expected to see a large segment of the hotel turned into condominiums. A Chinese insurance company bought what was formerly Hilton's landmark luxury hotel in 2014 for $1.95 billion. The closure, expected to last at least two years, begins on March 1st 2017. IMAGES.