The legendary hotel is back, and it’s more glamorous than ever.

For years, the iconic Waldorf Astoria on Park Avenue has been a shuttered construction site, its grand interiors hidden from the world. Now, after a monumental, multi-year renovation, the most famous hotel in New York City is finally ready for its grand reopening in 2025. This isn’t just a simple facelift; it’s a nearly $2 billion revival that has painstakingly restored the hotel’s Art Deco soul while completely modernizing it for a new century.
This is the story of an epic comeback, a project designed to restore the hotel to its rightful place as the city’s “unofficial palace.”
1. The renovation is one of the most expensive in history.

The sheer scale of the Waldorf Astoria’s revival is breathtaking. The project, which is estimated to have cost close to $2 billion, is one of the most ambitious and expensive hotel renovations ever undertaken, according to Stories By Hilton. The entire hotel, from its grand lobbies to its thousands of guest rooms, has been completely gutted and rebuilt from the inside out.
This massive investment reflects a commitment to restoring the hotel to a level of luxury and grandeur that will surpass even its own legendary past, a bold statement in the competitive New York City hotel market.
2. It is now a hybrid of a hotel and luxury residences.

The new Waldorf Astoria is a unique hybrid property. The building has been divided into two distinct sections: a smaller, more exclusive hotel with 375 ultra-luxury guest rooms and suites, and a separate collection of 375 private residences known as “The Towers of the Waldorf Astoria.” The residents will have their own private entrance and amenities, but will also have access to all the hotel’s services, as reported in The New York Times.
This model is designed to ensure the long-term financial viability of the massive project, blending the prestige of the hotel with the lucrative world of high-end New York City real estate.
3. The historic art deco details have been painstakingly restored.

A central focus of the renovation has been the meticulous restoration of the hotel’s famous Art Deco public spaces. An international team of designers and artisans has worked to preserve and restore iconic features like the “Spirit of Achievement” statue at the Park Avenue entrance, the magnificent mosaic by Louis Rigal in the main lobby, and the famous Cole Porter’s Steinway grand piano, as shared by Falstaff.
These historic treasures have been carefully integrated into the new, modern design, ensuring that the hotel’s unique sense of history and glamour is not lost, but celebrated and enhanced for a new generation.
4. A massive new spa and wellness center has been added.

To compete with the other top-tier luxury hotels in the city, the new Waldorf Astoria will feature a massive, state-of-the-art spa and wellness center. Spanning over 50,000 square feet, the spa will be a destination in its own right, offering a huge range of treatments, a stunning indoor pool, and a comprehensive fitness center.
This is a major new addition to the property and reflects the modern luxury traveler’s focus on health and well-being. It is a key part of the hotel’s strategy to reposition itself as a true urban resort for the 21st century.
5. Every single guest room and suite has been completely rebuilt.

While the public spaces celebrate the past, the new guest rooms and suites are all about modern luxury and comfort. Every single one of the hotel’s original 1,400-plus rooms has been demolished and rebuilt to create the 375 much larger and more opulent new hotel rooms. They have all been completely updated with the latest technology and the finest materials.
The goal was to create a much more exclusive and residential feel, with rooms that are significantly larger than the New York City average. This will ensure that the hotel’s accommodations are among the most luxurious in the city.
6. The goal is to reclaim its status as “the greatest of them all”.

The Waldorf Astoria has a unique and storied place in New York City’s history. It has been the home of presidents, the host of legendary galas, and an icon of glamour for a century. The entire purpose of this massive, multi-billion-dollar project has been to reclaim that legacy and to restore the hotel’s unofficial title as “the greatest of them all.”
The hotel is not just reopening; it is being reborn. It is a bold and incredibly expensive bet that the timeless allure of the Waldorf Astoria name, combined with a new level of luxury, can once again capture the imagination of the world.