Technogym
Technogym
Technogym

Over 1,000 rooms at legendary Waldorf Astoria Hotel could be converted into luxury condos

Chinese corporation Anbang Insurance Group is reportedly preparing to extensively overhaul New York’s world-famous Waldorf Astoria Hotel, in order to convert two-thirds of its guest rooms into private condos.

According to several US news sources, the hotel will close in Q1 2017 and could remain shut for as long as three years. The decision to create luxurious new private residences would be likely to boost short-term returns for Anbang, which bought the hotel from Hilton in 2014 at a cost of S$2bn (€1.8bn, £1.5bn).

Anbang is reportedly ready to retain between 300 and 500 hotel rooms and upgrade them to create a focused and more compact luxury hotel for international travellers. The project could cost as much as US$1bn (€904m, £747.5m). Hilton, which still manages the property as part of the ownership deal, would continue its operating role.

Millionaire William Waldorf Astor opened the first Waldorf Hotel in 1893 on the site of his Park Avenue mansion, and it soon became known as the most glamorous hotel in the world. Following a raft of technological advancements in construction, the building was demolished in 1929 and rebuilt two years later in its current guise – a 47-storey Art Deco landmark designed by architects Schultze and Weaver.

US President Herbert Hoover hailed the hotel, then the tallest in the world, as evidence of “the measure of the nation's growth in power, in comfort and in artistry...and an exhibition of courage and confidence to the whole nation.” It is better known in popular culture for its lavish parties and celebrity guests.

The Waldorf Astoria includes a 19th floor Guerlain Spa, with views over Midtown Manhattan.

Earlier this year Anbang came close to buying hotel brand Starwood, before being pipped to the post by Marriott International.

Waldorf Astoria Hotel  New York  Anbang Insurance  architecture  design 
Related stories
16 Jun 2016

Waldorf Astoria to open in DIFC

17 Mar 2015

Waldorf Astoria's Spa al Mare completes expansion

09 Oct 2014

Waldorf Astoria New York sold to Chinese insurance group for US$1.95bn

15 Apr 2014

Waldorf pipeline shows continued growth through to 2020

20 Mar 2014

Waldorf Astoria coming to Indonesia in 2018

27 Sep 2013

Waldorf Astoria enters emirate of RAK

Chinese corporation Anbang Insurance Group is reportedly preparing to extensively overhaul New York’s world-famous Waldorf Astoria Hotel, in order to convert two-thirds of its guest rooms into private condos. According to several US news sources, the hotel will close in Q1 2017 and could remain shut for as long as three years. The decision to create luxurious new private residences would be likely to boost short-term returns for Anbang, which
CLD,SAB,HHR,HOT,PRO,DEV,INV
The famous hotel is facing the biggest revamp in its long history / Wiki Commons
More news
News stories: 1 - 30 of 7667     
 
 
 
News stories: 1 - 30 of 7667     
 
 
 
company profile
Company profile: Blu Spas, Inc.
Since the 1998 launch of spa & wellness design and planning company Blu Spas, Cary Collier, Doug Chambers and their international team have provided solutions for a wide variety of projects, including hotels, resorts, clubs, mixed-use and residential properties. 
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
The eighth floor Suite Terrace is inspired by ‘Californian cool’
"We tried to take over in a friendly way"

The Standard’s first London hotel is bold, fun and full of surprising touches

SHL managing director Sanne Wall-Gremstrup (right) and Perkins+Will CEO Phil Harrison
"Most clients are very focused on how buildings are used and experienced as the primary design driver"

The MD of Schmidt Hammer Lassen and the CEO of PerkinsWill tell us why their merger will help create smarter buildings driven by human behaviour

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
features
Grigoriou’s interiors work focuses on boosting wellbeing and reducing stress
Elina Grigoriou
"Temperature, noise level and colour affect our stress levels. As designers we should be asking ourselves, how do these things match up?"

The London-based interior designer and wellness expert hopes her new book will help readers understand how to design with wellbeing in mind

The three new studios have brought drama to previously tired areas of the Les Mills gym
"We’ve designed the space so that the atmosphere is intimate"

Les Mills’ new studio spaces at its iconic Auckland City Gym showcase a trend away from masculine ‘grunty’ gyms to something altogether different

Houston’s Memorial Park is being restored following hurricane damage
Thomas Woltz
"I am very proud of stewarding the largest public space to be built in Manhattan in a century"

The Wall Street Journal’s Design Innovator of the Year on designing the gardens at Hudson Yards and looking to the Native Americans for ideas on how to create a resilient future

features
"Sam was such a champion for the team, and my goal is simply to carry that same torch"

As Blackberry Mountain resort opens in Tennessee, we find out why the project is a deeply personal one for owner Mary Celeste Beall

The James-Simon-Galerie translates the historical theme of colonnades into modern form
Alexander Schwarz
"Our aim was to create a place celebrating public space and accessibility"

The opening of the James-Simon- Galerie on Berlin’s Museum Island completes two decades of work for David Chipperfield Architects. The lead designer talks us through the building

Marianne Shillingford
"The technology involved in paint is extraordinary"

Used cleverly, colour has the power to influence how people use the spaces they inhabit, says the creative director of Dulux

cladkit product news
Jaffe Holden helps bring Academy Museum of Motion Pictures alive
Jaffe Holden provided architectural acoustics for the Academy Museum
Magali Robathan
Acoustical consulting firm Jaffe Holden provided architectural acoustics and audio/video design services for the recently opened Academy Museum of Motion ...
LianTronics’ glasses-free 3D Star Trek LED screen attracts attention
Magali Robathan
LianTronics’ giant curved LED wall with stunning glasses-less 3D spaceship display effect has attracted many on the street of Chengdu, ...
Christie laser projectors power new Five Senses Bubble dome theatre
The dome aims to integrate technology with arts and culture
Magali Robathan
Christie® GS Series 1DLP® laser projectors are delivering vivid and lifelike visuals in a new dome theatre located in Xiong’an ...
cladkit product news
Móz Designs columns anchor the world’s largest indoor aquarium
The design of the columns was inspired by the sea
Magali Robathan
After a two-year renovation, Oakland-based metal experts Móz Designs have unveiled their inclusion in Georgia Aquarium’s new shark gallery. Located ...
Alberto Apostoli and Newform collaborate to launch the A.Zeta showerhead
The showerhead offers two modes; rainfall or waterfall
Megan Whitby
Italian architect Alberto Apostoli has renewed his partnership with Newform – an Italian wellness company – and designed A.Zeta. A.Zeta ...
Cosm unveils Experience Centre with ‘one of a kind’ LED dome
The new Experience Centre houses a 20m LED dome
Magali Robathan
Cosm, a global technology company that builds end-to-end solutions for immersive experiences, has unveiled its Experience Centre which houses a ...
cladkit product news
Fabio Alemanno Design uses elegant semi-precious stones to create memorable spa experiences
Alemanno believes the stones are well-placed in the spa environment thanks to their capacity to positively support physical and mental health
Megan Whitby
Fabio Alemanno Design has expanded its collection with semi-precious stones to enhance spas, wellness facilities, hotels and private residences. The ...
Eden project uses drones to spell out climate change warning
Magali Robathan
Almost 300 drones were used to signal an environmental message above the Eden Project’s biomes, during the UN Climate Change ...
Diamond balloon concept merges tourist attraction with advertising billboard
Magali Robathan
A group of Dutch engineers have presented a new attractions concept that combines a flying observation cabin with LED digital ...
x
Sign up with CLAD for regular news updates
Technogym
Technogym