Inside the Waldorf Astoria's $1 billion makeover -- a years-long renovation that will include opulent private residences.
This month marks 90 years since the Waldorf Astoria first opened its doors on New York's Park Avenue in 1931, becoming the tallest and largest luxury hotel in the world during an inauspicious time, as the Great Depression cast its long shadow.
"There's something very peaceful and appealing about the sense of serenity of being connected with nature," Deniot said. But when the Waldorf Astoria started anew on Park Avenue between 49th and 50th Streets, it was no longer in Astor family hands , 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.
The Waldorf has retained some of its most famous objects over the years, including Porter's 1907 Steinway piano. It, along with the hotel's murals, mosaics and nine-foot lobby clock -- an intricate 19th-century timepiece commissioned by Queen Victoria for the 1893 world's fair in Chicago -- will also get a refresh.
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