President Barack Obama is no longer staying in NYC at the famed Waldorf-Astoria hotel following its purchase by a Chinese insurance company.
A traditional resting place for U.S. Presidents, President Obama is now staying at the luxurious New York Palace Hotel at 455 Madison Avenue while attending the General Session of the United Nations. The New York Palace was acquired by the South Korean firm Lotte this year.
The New York Palace has 909 rooms and suites along with 176 exclusive tower accommodations. It also has a 7,000 square-foot fitness center. President Obama is known to visit hotel fitness centers for a workout while traveling.
The Waldorf-Astoria was bought from Hilton Worldwide by China’s Anbang Insurance Group for $1.95 billion in 2014. The hotel continues to be managed by Hilton. Fears of Chinese spying and surveillance have caused U.S. government executives to leave the hotel which had been the main hotel in NYC for U.S. officials for decades.
Russia President Vladimir Putin, India Prime Minister Narendra Modi, China President Xi Jinping and Pakistan President are all staying at the Waldorf-Astoria located on Park Avenue.