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18 Photos That Show Why New York City's Waldorf-Astoria Hotel Is So Legendary The iconic Waldorf-Astoria hotel is being sold to Chinese  insurer Anbang Insurance Group Co. Ltd for about $1.95 billion.  The 121-year-old hotel is a landmark in New York City: It has hosted dignitaries, politicians, and world-famous celebrities like Elizabeth Taylor and Princess Grace. It has also served as the home-away-from home for every US President since Herbert Hoover, and has hosted foreign royalty like the Duke and Duchess of Windsor.  And now it's entering a new chapter, though H...
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