Blackstone Group LP News

New York’s Waldorf Owner Pressured to Sell as China Clampdown Escalates

When Anbang Insurance Group Co. agreed to buy New York’s iconic Waldorf Astoria hotel for $1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China Inc., a deal that would help …

Anbang Says New York’s Waldorf Astoria Condo Conversion Proceeding Normally

The conversion of New York’s landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays are anticipated after the property’s owner, China’s Anbang Insurance Group Co., said its chairman was no longer able to carry …

Willis to Keep Name on Chicago Tower

Insurance broker Willis Group Holdings Plc plans to keep its name on the Chicago tower that is being sold to Blackstone Group LP. The broker “is involved in a long-term contract for its naming rights for Willis Tower,” Colleen McCarthy, …