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But the Waldorf Astoria has also been closed for the past four and a half years, undergoing a more than $1 billion renovation after it was purchased for $1.95 billion in 2014 by China’s Anbang Insurance Group (now Dajia Insurance Group). While parts of the hotel are being restored to its original state – rooms including the Grand Ballroom are protected by New York City’s Landmarks Preservation Commission – much of the building is being entirely reimagined for the future. And, for the first time, the Waldorf Astoria will offer residential apartments to own, rather than lease, within the twin Waldorf Towers.

“In the section that I worked on, there was nothing which was landmarked, so there was no starting point, there was no nothing to preserve,” said Jean-Louis Deniot, the French designer tasked with transforming the new apartments and amenities. (The hotel rooms, meanwhile, are being overhauled by Pierre-Yves Rochon.) “I wanted to go more modernist…fresher, but still feel grounded.”

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“There’s something very peaceful and appealing about the sense of serenity of being connected with nature,” Deniot said.

Deniot is designing the residential spaces with the layouts of a private mansion in mind, he said over the phone, conceptualizing rooms for leisure and entertaining, such as the stately Presidential Library and Bar and modern-looking Monte Carlo Gaming Room.

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But when the Waldorf Astoria started anew on Park Avenue between 49th and 50th Streets, it was no longer in Astor family hands (William Waldorf Astor died in 1919), but in those of hotelier Lucius M. Boomer, who managed the hotel after it was acquired by T. Coleman du Pont in 1918. Following the sale of the site, the board of directors sold him the rights to Waldorf-Astoria name for a dollar as a gesture of goodwill, and he used the bargain to his advantage.

In the decades that followed, the property entered its heyday, drawing the most famous faces in the world. Suites have been named after Elizabeth Taylor and Winston Churchill following their stays, and Angelina Jolie and Brad Pitt kept an apartment in The Towers over a decade ago. The Waldorf’s other famous long-term residents have included Sinatra and composer Cole Porter, who both stayed in Suite 33A – Porter for 30 years, until his death in 1964, then Sinatra in the 1970s and 1980s. Monroe, meanwhile, occupied Suite 2728 for much of 1955, paying $1,000 a week for the pleasure (around $10,200 today).

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Joining them now will be a new collection of artworks curated by auctioneer and art dealer Simon de Pury, showcased in the Towers’ shared amenities. The collection will only feature original art, including pieces from emerging artists such as Taiwanese Canadian sculptor An Te Liu, Korean mixed-media artist ​​Minjung Kim and Swiss painter Philippe Decrauzat.

“Ninety-five percent of hotel projects around the world feature prints and reproductions,” de Pury said over email. “Original art feels much more personal. We made sure to select works that contextually highlight the architecture and décor.”

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“You don’t want to go too much back in time. There’s that sense of melancholia,” he said. “In the ’40s, ‘50s, ‘60s, ‘70s, they all had great fun in there. The reason why the whole place was refurbished is to actually bring it to the next century.”

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