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Obama checked out of Anbang’s Waldorf Astoria
When Anbang purchased the Waldorf Astoria in New York, reports emerged that President Obama and his staff would avoid the hotel due in part to what an unnamed senior administration official called “security concerns.”
In its coverage of the President’s decision to abandon the Waldorf, the New York Times noted Anbang’s “deep ties to Beijing’s ruling elite.” The Associated Pressreported that “fears of espionage have driven the U.S. government from New York’s famed Waldorf-Astoria Hotel.”
California deal blocked?
Anbang’s efforts to buy the Hotel del Coronado were abandoned in 2016 after reported concerns were raised by the Committee on Foreign Investment in the United States.
“Anbang, which has close ties to the Chinese state, has seen its aggressive efforts to buy up hotels in the United States slowed amid concerns raised by Obama administration officials who review foreign investments for national security risk.”