Hilton Considering Sale of New York’s Waldorf, CEO Says

Hilton Worldwide Holdings Inc., the world’s largest publicly traded hotel operator, is considering selling a stake in the Waldorf Astoria in Manhattan or the entire hotel, Chief Executive Officer Christopher Nassetta said.

“We may look to reposition the hotel,” Nassetta said in a telephone interview after the McLean, Virginia-based company reported fourth-quarter earnings. “We are still deciding on how we may reposition it and who we may reposition it with. Part of this would require capital, so we would look at the option of selling all or a stake in the hotel.”