The hotel is shuttering to undergo a partial condo conversion
It’s the end of an era for one of New York’s most iconic hotels, The Waldorf Astoria. The final checkout date to stay in one of its fabled rooms prior to the hotel's renovation has been set for March 1st, reports Crain’s. The hotel also will not be accepting reservations past February 28th. This doesn’t come as a big surprise—Chinese company Anbang purchased the building for $1.95 billion in 2014 with vague plans to renovate it, then announced plans for a condo conversion earlier this summer. Their $1 billion project will convert 1,100 rooms (out of 1,413 total) into condo units.
A spokesman for Hilton Worldwide Holdings, which manages the property, told Crain’s that the landmark is set to close next spring, right after the final checkout date. What’s still murky are the actual renovation plans and how long the hotel will remain shuttered. "We have not finalized any plans in terms of the scope, nature and details of the renovation project or the exact timing and duration of the hotel's closure," the spokesman said to Crain’s. "We are currently developing conceptual plans and will share additional details once those plans are finalized."
It’s said that the closure could last as long as three years. Maybe it’s time to splurge for a night at the Waldorf, before its hotel rooms are reduced to a mere 313.