How valuable is an old respected name in the world of business? While we’re used to tech companies selling for a few billion here and there, a single hotel building doesn’t seem like it should be worth much. But when you’re the Waldorf-Astoria, with roots in New York City dating back to the 19th century, you can command a pretty hefty price tag — $1.95 billion to be exact, which is what a Chinese insurance company is willing to pay to own a piece of hotel history. [More]
