The Blackstone Group is planning a “no expense spared” renovation of the legendary Waldorf-Astoria hotel, with interiors by famed designer Alexandra Champlimaud, according to the Post. Champalimaud is known for her work at the Pierre, the St. Regis in Beijing and the penthouses at London’s the Dorchester. Architecture firm Brennan Beer Gorman is also rumored to have a hand in the project, which is likely to cost “hundreds of millions of dollars.” The hotel currently has three restaurants, including the Bull and Bear Steakhouse. They’re all slated to get upgrades, but as of now, aren’t expected to be joined by any new eateries. Blackstone purchased the Waldorf in 2007 as part of its $26 billion deal to buy the Hilton Hotels chain. [Post, 1st item]