Anbang files plans for Waldorf Astoria makeover

321 apartments will take the place of over 500 rooms

TRD New York /
Nov.November 10, 2016 06:23 PM

Anbag Insurance Group filed plans Thursday to renovate the iconic Waldorf Astoria. The filings offer the first detailed look into the new owner’s vision to transform the landmarked hotel.

According to the permit application filed with the Department of Buildings, the 44-story hotel at 301 Park Avenue, will be residential from the 14th floor and up, with a total of 321 apartments across 31 floors, spanning 766,172 square feet. The fifth through 13th floors will retain 840 hotel rooms, down from a total of over 1,400 today.

The hotel will also get a new fitness center, restaurant space and retail space, and will retain its ballrooms, dining and banquet rooms, exhibition space and banquet rooms. The top four floors of the Waldorf Towers will have two condos each and the next three floors will be divided into four condos per floor.

Skidmore, Owings & Merrill TRData LogoTINY is the architect of record, the filing shows. Representatives for Anbang and the architecture firm could not be reached for comment.

The China-based insurer Anbang, which bought the iconic hotel last year for a record $1.95 billion, will need approval from both the Landmarks commission and the Department of Buildings because alterations could affect the hotel’s exterior. The Chinese insurance group agreed to maintain the hotel’s distinctive Art Deco interior under pressure from preservationists.

The hotel will be closed for reservations after Feb. 28, 2017 for renovations to begin.


Related Articles

arrow_forward_ios
Anbang’s Andrew Miller, Mirae’s Peter Lee and (from left) JW Marriott Essex House, the Westin St. Francis in San Francisco and the Four Seasons in Jackson Hole (Credit: Marriott, Westin, Four Seasons)

Buyer’s remorse?: How Anbang’s $5.8B hotel deal went sideways

Buyer’s remorse?: How Anbang’s $5.8B hotel deal went sideways
Clockwise from the top left: JW Marriott Essex House in New York, the Four Seasons in Jackson Hole and the Westin St. Francis in San Francisco with Daija CEO Andrew Miller (Credit: MusikAnimal via Wikipedia; Jackson Hole Real Estate; Booking)

Anbang’s $5.8B hotel portfolio sale scrapped

Anbang’s $5.8B hotel portfolio sale scrapped
Photo illustration of the statue at the entrance of the Waldorf Astoria

The Waldorf Astoria’s big gamble

The Waldorf Astoria’s big gamble
Douglas Elliman Development Marketing closed all its on-site sales offices and galleries until the end of March for health and safety concerns (Credit: iStock; Douglas Elliman)

Elliman shutters on-site sales offices nationwide, citing coronavirus concerns

Elliman shutters on-site sales offices nationwide, citing coronavirus concerns
CEO Andrew Miller and clockwise from top left: JW Marriott Essex House in New York, the Westin St. Francis in San Francisco and the Four Seasons in Jackson Hole

Coronavirus threat could help sink Anbang’s $5.8B hotels deal: report

Coronavirus threat could help sink Anbang’s $5.8B hotels deal: report
Waldorf Astoria - Crown on Park Avenue

Condo sales launch at Waldorf Astoria in crowded luxury market

Condo sales launch at Waldorf Astoria in crowded luxury market
Renderings of Waldorf Astoria

Inside the Waldorf Astoria’s condo conversion

Inside the Waldorf Astoria’s condo conversion
Bizarre case of deed fraud complicated Anbang’s $5.8B hotel portfolio deal

Bizarre case of deed fraud complicated Anbang’s $5.8B hotel portfolio deal

Bizarre case of deed fraud complicated Anbang’s $5.8B hotel portfolio deal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...