Since the Waldorf Astoria New York achieved the designation as New York City's largest private interior landmark, Anbang has made significant progress towards renovating the property.

The development team has advanced design plans, secured permits and carefully moved, preserved and stored prized historic items, including the Cole Porter piano, the World's Fair Clock Tower, the Kennedy Rocking Chair, and the MacArthur Desk. The company has now appointed AECOM Tishman to spearhead the first phase of construction.

"After months of meticulous planning and careful preparation, we are ready to begin the next phase of the renovation and have assembled an exceptional team to advance the project," comments Brandon Dong, MD of the Waldorf Astoria New York Project of Anbang. "We look forward to working closely with AECOM Tishman to carry out one of the most extensive restoration and renovation projects in New York City."

"The Waldorf Astoria New York is truly a global icon and quintessential New York City landmark, and our combined team shares a commitment to preserving this historic property's legacy and restoring its original beauty while elevating it to set a new standard of luxury and hospitality."

The Waldorf Astoria New York will feature restored public and event spaces, approximately 350 new guest rooms and suites, and approximately 350 residences. Anbang released plans for the building's landmarked interior and exterior elements in March 2017 that a renowned design team, including architectural firm Skidmore, Owings & Merrill (SOM) and interior designer Pierre Yves Rochon (PYR), prepared.

"The Waldorf Astoria New York is where our brand's history of timeless luxury and inspirational environments began," adds John T.A. Vanderslice, global head of Waldorf Astoria Hotels & Resorts. "We have been working closely and collaboratively with Anbang on the renovation of the Waldorf Astoria New York and we are confident that the restoration will ensure that the hotel retains its rightful place as a focal point for New York City and a premier destination for the world."

Waldorf Astoria New York timeline:

1893: Hotel opened on the present site of the Empire State Building

1931: Opened at its current Park Avenue location

1993: Designated an official New York City exterior landmark

2014: Anbang Insurance Group acquired the property from Hilton Worldwide. Hilton agrees to continue to manage the property under a 100-year management agreement. 

2017: Numerous interior spaces within the hotel are designated as New York City landmarks, including the hotel's historic Grand Ballroom and iconic Park Avenue Lobby.