Hilton Worldwide CEO Chris Nassetta told Bloomberg Businessweek on Thursday that as part of a potential repositioning plan, it might sell its stake in the fabled Waldorf Astoria New York. Nassetta added that Hilton would continue to operate the hotel after any sale.
“We may look to reposition the hotel,” Nassetta said. “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.”
Nassetta said Hilton is considering residential, office and retail uses for the 1,232-room hotel, adding, “”There will always be the Waldorf Astoria hotel in New York, but it may include other uses.”
Talking further about asset sales, Nassetta added that Hilton will consider dispositions in a few years and would prefer to make portfolio deals as opposed to one-off transactions.