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DC's Piece of the Waldorf-Astoria Deal

Washington, D.C. Hotel

McLean-based Hilton has just agreed to sell the Waldorf-Astoria hotel in NYC to Beijing-based Anbang Insurance Group for $1.95B (yes, that's a "B"), in a deal that will close by the end of the year. But there's another local connection to this big deal: DC-based Nelson Migdal, co-chair of Greenberg Traurig's hospitality group was part of Anbang's legal team, and sends us this selfie from Times Square moments ago. Nelson tells us he helped arrange the 100-year management agreement with Hilton on behalf of Anbang—Hilton will continue to operate the hotel and will also perform renovations.