The Peninsula New York is ideally located on Fifth Avenue and 55th Street, in the heart of New York City's most prestigious shopping, cultural, and business neighborhood, in Mid-town Manhattan. A 23-story, 1905 landmark building, The Peninsula New York reopened on 1st November 1998, following a US$ 45 million renovation. Many of the hotel's original Beaux Arts architectural features, designed by Hiss and Weekes, have been retained throughout The Peninsula New York. The result is one of modern accents on old-world elegance. The Peninsula New York features 185 spacious and luxurious guest rooms and 54 suites, decorated in a classic, contemporary style with art nouveau accents. Specifically designed for the needs of the executive traveler, all of the hotel rooms incorporate state-of-the-art technology, with an electronic system that allows guests to control their environment with the touch of a fingertip. The hotel's high-tech Peninsula Spa and Health Club offers hotel guests a broad range of facilities in a serene atmosphere with spectacular views of Manhattan. The Peninsula New York's restaurants and bars are favorites among the New York business crowd and include the hotel's fine dining restaurant, Fives, and the popular Pen-Top Bar & Terrace with stunning views of New York. A prestigious New York hotel, The Peninsula New York also provides an elegant setting for hosting high-level meetings and upscale private events. The Peninsula New York has received the AAA Five-Diamond Award for four consecutive years, and was voted the third best "Hotel for Business" in all of North America, by readers of Gourmet magazine.