In which city is the Waldorf Astoria located?
Hiltons Sells Waldorf Astoria New York for $1.95B
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Hilton is selling the historic Waldorf Astoria hotel in New York City to Unbond Insurance for $1.9 billion. The proceeds from this sale will be used to acquire additional hotel assets in the US. This transaction highlights Hilton's strategic move to expand its hotel portfolio while parting with an iconic property.
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What type of insurance is mentioned in relation to the sale?
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