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The Waldorf Astoria hotel is shown, Tuesday, Feb. 28, 2017, in New York. The hotel, purchased by the Anbang Insurance Group, a Chinese company, is closing Wednesday for two to three years for renovation. Exact details of the renovation haven't been released, but its conversion into a hybrid of private residences and a smaller hotel follows a model set by another landmark New York City hotel, The Plaza. The exterior is protected by law as a New York City landmark, but some fans are still nervous about the future. (AP Photo/Kathy Willens)

The Waldorf Astoria hotel is shown, Tuesday, Feb. 28, 2017, in New York. The hotel, purchased by the Anbang Insurance Group, a Chinese company, is closing Wednesday for two to three years for renovation. Exact details of the renovation haven't been released, but its conversion into a hybrid of private residences and a smaller hotel follows a model set by another landmark New York City hotel, The Plaza. The exterior is protected by law as a New York City landmark, but some fans are still nervous about the future. (AP Photo/Kathy Willens)

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