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All those pining after children's book character Eloise's lifestyle at "the tippy-top floor" of New York's Plaza Hotel might be able to recreate a piece of it a few blocks away at the Waldorf Astoria.
The new Chinese owner of Waldorf Astoria plans to convert the top floors of the iconic hotel into luxury condominiums, according to a report in real estate news magazine The Real Deal.
The report cites recent comments made by Anbang Insurance Group chairman Wu Xiaohui at Harvard University. Wu suggested a pretty high ring-fence around the address, saying "a potential buyer needs to have more than money to qualify for our apartments, " according to the report.
Hilton Worldwide Holdings sold the Waldorf Astoria to Anbang in October for nearly $2 billion. U.S. regulators approved the sale in early February, according to the Real Deal.
At the time of the sale, CNBC reported the hotel will "undergo a major renovation. "
To be sure, it's not unusual to add fully serviced condos to a hotel development and Hilton is likely to keep its 100-year management deal for the hotel.
Read the full story here.