Hilton Worldwide Holdings Inc. has agreed to sell its most prestigious hotel, Manhattan’s Waldorf Astoria, for $1.95 billion to a Chinese insurance company, the hotel operator said Monday.

The sale price is among the highest ever for any hotel and represents the latest sign of intense international demand for luxury hotels and other trophy properties in major global cities. The Waldorf Astoria’s price of $1.3 million a room is also among the highest ever paid in the U.S. on a per-room basis.