‘Seinfeld’ Episode
The group, which says it uses profits from the salvage business to fund an orphanage in Haiti, also ran a now-defunct carpet-cleaning business that inspired a “Seinfeld” plot. (In the episode, first aired in 1996, a cleaning company that doubled as a cult opted against enlisting self-involved George Costanza.)
As for the Waldorf, speculation about its future has run rampant. Hilton Chief Executive Officer Christopher Nassetta, during an earnings call this month, sought to quash speculation the hotel might be put up for sale and said his company would manage its hotel portion no matter who the owner is. New York tabloid readers have encountered repeated stories about the pace of construction and potential buyers should Anbang sell.
Kevin Browne, a manager at the salvage company, said he wasn’t authorized to speak about the Waldorf work, and declined to comment on his company. Olde Good Things had almost $14 million of assets, according to the Church of Bible Understanding’s Internal Revenue Service filings for the 2015 tax year, the latest for which documents are available online.
That amount may soon increase, should a buyer be found for the priciest Waldorf item currently on the Olde Good Things website: A four-foot-wide Barovier & Toso hand-blown-glass fixture once mounted in a hotel conference room can be yours for just $28,000.
This article was provided by Bloomberg News.