Investing in New York City’s trophy properties is still a very safe bet, said The Real Deal publisher Amir Korangy in an interview with CCTV, the top state television broadcaster in mainland China. Read More…

The closing of the sale on Wednesday of New York’s famed Waldorf Astoria hotel to China’s Anbang Insurance Group Co Ltd for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels. The closing comes on the heels of Monday’s announcement that another insurer from Beijing, the Sunshine Insurance …