Iconic Manhattan landmark The New Yorker Hotel is to receive a major makeover following a rebranding to a Wyndham property.
A new franchise agreement has been signed with Wyndham Worldwide Corp. and around $30 million has already been spent updating the lobby and ballroom.
Commercial space on the lower 18 floors of the 42-story building are to be converted into an additional 172 rooms.
The hotel owners said another 270,000 square feet of commercial space will also be transformed into guestrooms when commercial leases expire over the next five years.
When all the changes are completed it could boast up to 1,500 rooms compared to the current 912.
Since opening in 1930, the New Yorker has undergone multiple ownership changes and renovations, and is currently owned by the Holy Spirit Association, a subsidiary of the late Rev. Moon’s Unification church.
Having recently moved from a mid-scale Ramada branded property to a higher-end Wyndham, the hotel is looking to recapture former glories with the planned renovations.
