The Peninsula New York is ideally located on Fifth Avenue and 55th Street, in the center of the City’s most prestigious shopping, cultural, and business neighborhood, in Midtown Manhattan. A 23-story, 1905 landmark building, The Peninsula New York reopened in 1998, following a major renovation. Many of the hotel’s original Beaux Arts architectural features were retained throughout, and the result is one of modern accents on old-world elegance.