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NYC's Waldorf Gets Plush Renovation, Becomes Icon of China's Overreach

The storied hotel was bought by Anbang before its Chairman was jailed. Now it’s undergoing a vast renovation overseen by a state-backed enterprise.

The Waldorf Astoria in New York in 2017.

The Waldorf Astoria in New York in 2017.

Photographer: Drew Angerer/Getty Images

The visitor from China had billions to spend, and he expected more from the Waldorf Astoria.

Wu Xiaohui wanted a fleet of Rolls-Royces to whisk him from a metro New York airport to the storied Park Avenue hotel, where princes and presidents have luxuriated, eggs Benedict was invented and Cole Porter wrote “Anything Goes.” Waldorf staff scrambled.