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Like the Plaza and other old guard hotels the Waldorf Astoria just cannot compete with modern luxury hotels. That and the place is a big ole barn built for travel and hotel stays of a different era.
The entire complex is not going condo, about three hundred hotel rooms will remain.
That's what happens when the chinamen take over. It'll probably look like crap by the time it's done. It'll probably be turned into an upper class chinese prostitute hotel.
On the flip side, they'll get better prices from better contractors if the market does go south.
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take over
