Obama Dumps Waldorf for Lotte-Owned Hotel

      September 14, 2015 11:43

      U.S. President Barack Obama will be staying at Lotte Group's Palace Hotel in New York when he attends the UN General Assembly later this month, White House spokesman Josh Earnest said Friday.

      Previously U.S. presidents and the State Department favoured the Waldorf Astoria, but it was recently acquired by a Chinese insurance company and has to undertake a major renovation, leading to fears in the U.S. government that suites could be bugged.

      Foreign Policy magazine reported that fears of bugging are spreading within the U.S. government.

      But Chinese President Xi Jinping and Russian President Vladimir Putin will stay at the Waldorf.

      Lotte bought the Palace Hotel for US$805 million in May. The conglomerate plans to hold a ceremony on Wednesday changing the hotel sign to Lotte New York Palace.

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