Waldorf Astoria New York – All set to Begin a New Chapter

  • December 16, 2021

Waldorf Astoria New York – All set to Begin a New Chapter

The iconic Waldorf Astoria Hotel opened its doors to New York in 1931 and has the honour to host every US president from Herbert Hoover to Barack Obama, the legendary Queen Elizabeth II, world-famous celebrities, and several foreign dignitaries. However, after years of serving, it was decided to give a facelift to this ageing beauty – so, the famed Waldorf Astoria was closed in 2017 for a multi-year renovation plan.

It’s been years now since the Waldorf Astoria shut its doors in order to transform the hotel into a hotel/condo development but during these years, much is changed in terms of luxury properties in New York and high-end developments’ arena. The Park Avenue property will re-emerge as a condo development, which was not in plans initially, until China’s Anbang Insurance Group Co. bought it with plans to convert a hotel portion into condos and apartments.

What are re-emergence plans for Waldorf Astoria?

Waldorf Astoria is under massive redevelopment and is all set to re-open in 2023, with luxury hotel suites and high-end apartments. Though New York is awash with ultra-luxury developments, and the development is not yet completed but the aura of Waldorf Astoria Residences keeps the potential investors in awe, as soon as the details about the modern apartments.

“Waldorf Astoria holds a sentimental value for many, and people are passionate about it. We have been receiving inquiries from investors, who are interested to be associated with it,” says Shahwali Bashir – Director Copperstones.

Who is the developer of Waldorf Astoria?

Dajia Insurance Group is the name behind The Towers of Waldorf Astoria that has invested more than $1.3 billion into renovation work. The project is a class-apart from all the modern skyscrapers in New York, thus expected to attract more buyers and investors than others.

Waldorf Astoria Residences – An untold luxury 

Following the hotel’s splendid queues, the world-acclaimed designer Jean-Louis Deniot has created Waldorf Astoria residences by blending Art Deco opulence with contemporary facilities, the European and the American interior hues, and the grand with intimate. The apartments are planned to be smaller units – complemented with a touch of opulence and luxury, especially for investors, who are looking for a second or third home in New York’s new developments and skyscrapers.

The smallest is a studio spread over 526 sq. ft. while the two bedroom apartments are spread over 1,129 sq. ft., making them ideal for small families. The development also boasts bigger size of apartments and penthouses.

Perks of living at Waldorf Astoria Residences…

Residents will get to enjoy superlative perks including the services available to hotel guests such as from room service to cleaning to concierge bookings. Besides that, the residents will have access to 25 metres lap pool, kids’ play area, screening theatre, and ample space to hold personal events. The 8,000 sq. ft. of the hotel’s roof will be turned into a roof garden for the residents.

Upon completion, Waldorf Astoria is planned to have 375 residences, far fewer than was expected. However, the numbers are kept lower in order to deliver an exceptional level of service to the dwellers.

Waldorf Astoria to bring back memories…

Who does not love memories? People do and are always ready to go into the past to relive all those cherished moments. A few common areas in the famed Waldorf Astoria such as the lobby and grand ballroom will have familiar yet distinct touches from the past, which can bring back memories to the past guests. Adding contemporary touches and modern facilities to the historic Waldorf will bring a superb and “the unquestioned trophy asset of New York hospitality when it reopens,” said Andrew Miller, chief executive officer of Dajia’s U.S. arm.

This is one of the major reasons for wealthy investors to buy apartments and condos at the superlative Waldorf Astoria.

If you are still confused and being attracted to multiple projects to invest your money, but all you want is to have a clear investment strategy. It is high time to connect with team Copperstones at … and take benefit from our real estate consultancy services. Let us help you with our expertise, and market analysis so that you can plan your future financial growth through real estate investment with complete peace of mind.