Located on fashionable Park Avenue within easy reach of Chelsea, the Theater District, Fifth Avenue and Times Square, the Waldorf Astoria is a New York City landmark and 5-star hotel with opulent Art-Deco style rooms, public areas and banquet halls that have hosted notables and celebrities, historic events and lavish parties over the decades. On March 1, 2017, the 85-year-old building closes for at least two years of renovation but is set to return with spruced up amenities, tower suites revamped into condominiums and all of the hotel's usual customer-oriented luxury trappings.