Gharieni GmbH
Gharieni GmbH
Gharieni GmbH

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 7634     
 
 
 
News stories: 1 - 30 of 7634     
 
 
 
company profile
Company profile: Willmott Dixon
Willmott Dixon delivers the social infrastructure that people depend on in their daily lives. We partner with our customers to focus on the services they want to provide, not just the building we construct, and we are committed to achieving a higher social purpose through our work.
videos
BluGalaxy a Division of Blu Spas
Blu Spas
This animation showcases the beautiful concept design of BluGalaxy Spa.
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
Smooth in-situ concrete dominates the building’s interior spaces including the foyer below
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

Landscape design: Back to nature
Alan Metcalfe
"When people are a bit scared, they gather together"

Featuring a vibrating glass platform and one of the US’s longest tree canopy walks, Whiting Forest has been designed to bring visitors closer to nature and to one another

Elina Grigoriou
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

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
features
The hotel has just two floors above ground; the other 16 floors are below
Martin Jochman founded JADE+QA in 2013. He formerly worked for Atkins
"We didn’t want to put in any gimmicks. We wanted to create a building that’s inherently sustainable through passive sustainability"

When Martin Jochman set out to transform an old quarry into a luxury hotel, he faced some serious challenges

The Shenzhen Sky Garden will be built on existing reclaimed land
Stephen Barrett (left) 
and John McElgunn (right) were both made partners at RSHP in 2016
"Leisure space – public space – is at the very root of democracy, and architecture is about democracy"

As RSHP completes its latest cultural project, we speak to two of its partners about why Richard Rogers isn’t leaving his succession to chance

The museum features 3,400 square metres of archaelogical gardens
Elizabeth de Portzamparc
"We need to stop the destruction of our world through predatory practices. We need to think of the future"

The architect behind Nimes’ Musée de la Romanité on designing to counter loneliness and the need for more cultural buildings

features
"Wellness embraces the entire holiday experience"

The design of the newly-opened Lefay Resort and Spa Dolomitti in Italy aims to celebrate and protect its spectacular surroundings

cladkit product news
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, ...
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 ...
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 ...
cladkit product news
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 ...
Siminetti unveils first glimpses of Mother of Pearl decorative surfaces inspired by the four seasons
The new winter design is finished with naturally occurring hexagonal patterns found in snowflakes
Megan Whitby
Siminetti has collaborated with British designer Chrisanna London to create a luxury Mother of Pearl decorative surface range inspired by ...
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 ...
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 ...
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 ...
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 ...
x
Sign up with CLAD for regular news updates
Gharieni GmbH
Gharieni GmbH