The Waldorf-Astoria has lost some of its Jazz Age luster, growing rumpled and maybe even a little racist in old age. The hotel was purchased four years ago by Blackstone for $572 million, part of a $26 billion deal to buy up the Hilton chain. Now the monolithic investment outfit is prepared to spruce up the Walfdorf-Astoria, the Post reports.
According to the tab, Blackstone plans to spend “hundreds of millions of dollars” renovating the hotel, once home to mobsters Bugsy Siegel and Lucky Luciano and jazz singer Cole Porter, as well as the eponymous salad. Read More