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Waldorf Astoria hotel offers high-end condos

By BELINDA ROBINSON in New York | CHINA DAILY | Updated: 2020-03-06 09:25

The revamped Waldorf Astoria New York hotel, an iconic landmark now owned by China's Dajia Insurance Group, has begun selling plush multimillion-dollar condos.

For sale are more than 375 residences nestled in the midtown Manhattan building on Park Avenue. The hotel-condo hybrid also has 375 renovated hotel rooms, designed by Pierre-Yves Rochon, which are scheduled to reopen in 2022. The hotel and the condos above it will have separate entrances.

The Art Deco-inspired apartments-called "The Towers of the Waldorf Astoria"-have a starting price of $1.7 million for a studio and include a mix of units and two penthouses expected to cost tens of millions of dollars each. The apartments have "unique" designs, 10-foot (3.05 meters) high ceilings, new windows, herringbone floors and open-plan kitchens.

Jean-Louis Deniot, a Paris-based architect and designer behind the interior of the residences and amenities, told China Daily: "There is nothing which comes close to the (Waldorf Astoria internationally) ... I injected everything I thought was right, being quite careful and caring at the same time."

The hotel closed its doors for two years in 2017 to undergo meticulous renovations. Dajia, based in Beijing, purchased the building in 2015 for $1.95 billion and spent a further $1 billion on renovations.

Andrew Miller, CEO of Dajia US, told China Daily: "We've been working so hard with so many people to develop this vision of the project. To have the opportunity to finally show that vision to the city and to the world is incredibly exciting and validating for all of us.

"I believe that New Yorkers in particular and everyone who has a Waldorf story...(are) going to be excited about the rebirth of this icon."

The 47-story hotel was originally built by competitive cousins William Waldorf and John Jacob Astor IV in 1931. At the time, it was the world's tallest and largest hotel.

Today, the building's luxurious apartments are surrounded by 4,650 square meters of amenities that include a 25-meter Starlight Pool overlooking Park Avenue, a Winter Garden, four private bars for residents, a fitness center, private spas for men and women, a dining room, a wine-tasting room, a billiards room and a games room.

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