Designated a city landmark in the 1960s, the iconic Plaza overlooking Central Park is one of the world's best-known hotels and one of New York City's most important landmarks. After a $350 million renovation, it reopened in early 2007 with 181 condominium apartments and 282 hotel units (152 of which can be sold as "hotel-condos"). The Private Residences (as the residential units are known) have their own entrance on Central Park South and a large garden court with a cascading fountain at the bottom of the building's large rectangular light well. Residents enjoy full-service hotel benefits like an attended lobby and a concierge as well as central A/C, a health club, party and event rooms and laundry facilities. The newly-restored Oak Room & Bar are popular destinations as well, offering intimate, classic ambience. The Plaza's prime location on Central Park South offers the park as both backyard and backdrop, and the city's best shopping, dining and entertainment as well as the convenience of Midtown and excellent public transportation are all just steps away.