Historic Waldorf Astoria to Close for Three-Year Renovation Project
The landmark Waldorf Astoria hotel in New York City will shut down for a three-year renovation next spring.
The work will include converting many of the hotel rooms into private condominium apartments, which will leave the property with some 300 to 500 guestrooms when it reopens approximately three years later. It currently has 1,413 rooms.
The news was first reported by the Wall Street Journal on Sunday.
The property was purchased by China’s Anbang Insurance Group in 2014 for $1.95 billion. It will remain under Hilton Worldwide management when it reopens, albeit with far fewer staff.
(Photo: Accura Media Group)