Hilton to Sell NYC's Waldorf Astoria to Chinese Insurer for $1.95 Billion

``Hilton Worldwide Holdings Inc., the world's largest publicly traded hotel operator, agreed to sell the luxury Waldorf Astoria hotel in Manhattan to Beijing-based Anbang Insurance Group Co. for $1.95 billion... U.S. insurers also have been looking to buy hotels. Allstate Corp. Chief Executive Officer Tom Wilson said in 2012 that his company was searching for investments in the industry as a way to diversify from bonds and protect his company as interest rates rise.''