The story
In January 2006, Hilton Hotels Corporation announced that it would launch a luxury hotel chain called The Waldorf Astoria Collection, branded after its flagship Waldorf Astoria hotel in New York City. In July 2009, the Dakota Mountain Lodge opened in Park City, Utah; it later dropped the "Dakota Mountain Lodge" title and is now known simply as Waldorf Astoria Park City. Waldorf Astoria Park City was acquired in September 2022 by Wolfgramm Capital, a private equity real estate firm. The Hilton group operates the hotel under a management contract with the buyer. It is the first ski resort to join the portfolio.
In January 2014, the Waldorf Astoria Dubai Palm Jumeirah opened in Dubai, on the Palm Jumeirah. In October 2014, Hilton Worldwide announced the sale of the Waldorf Astoria New York hotel to Chinese firm Anbang Insurance Group for $1.95 billion. The Hilton group continues to operate the hotel under a 100-year management contract with the buyer.
In March 2024, Hilton announced its expansion of the Waldorf Astoria brand into branded residences, with the first standalone residence project outside the US planned for Downtown Dubai, aiming for a 2028 opening in collaboration with NABNI Developments and designs by Carlos Ott Architects and Hirsch Bedner Associates.
From Wikipedia’s article on Waldorf Astoria Hotels & Resorts, shared under CC BY-SA 4.0.4