A large-scale renovation of the Waldorf Astoria hotel continued to move forward on Friday after the Chinese government seized control of the iconic property’s owner, Anbang Insurance Group Co.Construction vehicles removed rubble and workers milled about the interior of the property at 301 Park Ave. early Friday, amid a multimillion-dollar renovation of the landmarked hotel that will create about 350 new guest rooms and about 350 luxury condominium units.

Source: Wall Street Journal February 23, 2018 21:56 UTC