The 88-calendar year-aged InterContinental New York Barclay has shut down for a $ one hundred seventy five million renovation that will get 18 months to comprehensive.
The 686-area resort, which opened in midtown in 1926, will get updates to its guestrooms as properly as a new restaurant, gin bar and InterContinental Club Lounge. The renovation will be led by New York-based mostly architecture organization Stonehill+Taylor.
An affiliate of Qatar-based mostly Constellation Resorts Holding acquired 80% of the resort previously this year for $ 240 million and will add eighty% of the renovation expenses. InterContinental Resorts Team will spend for the remaining twenty%.
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