This landmark property has undergone several renovations and changes of ownership since it first opened as The Gotham Hotel in 1905. Designed by the architectural firm of Hiss and Weekes, and built at a cost of US$ 2.25 million, The Gotham was one of the first hotels in New York to use steel-frame construction and was at the time the city's tallest skyscraper.

The Gotham was renovated in 1939 and continued to operate as a residential apartment hotel until 1978. A second renovation that began a year later was not completed until 1987 when the hotel, under the design direction of Pierre Cardin, reopened briefly as Maxim's de Paris.

The Peninsula Group acquired the hotel in 1988 as its American flagship, The Peninsula New York. The hotel was closed in 1998 for a US$ 45 million total refurbishment. It reopened 10 months later as the grand hotel it is today - a sparkling, 23-story landmark building, handsomely restored with many of the original Beaux Arts features retained.

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