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by Lisa A. Grimaldi | March 28, 2012

 The 899-room New York Palace, the iconic Midtown property recently purchased by Northwood Hospitality, will undergo an extensive, $100 million renovation. Included in the project will be the property's guest rooms, public areas and 17 meeting rooms. The renovations will begin this summer and will take an estimated 18 months. The property will remain open during construction.