New York's Radisson Lexington Hotel Sheds Radisson Flag

The Radisson Lexington Hotel in New York has become an independent property known as the Lexington New York City, the property's manager, Highgate Hotels, announced this week.

A historic property that once was home to the Playboy Club, not to mention Joe DiMaggio and Marilyn Monroe — who lived in a suite on the 18th floor — the Lexington has 712 guest rooms and 1,028 square feet of meeting space. Originally opened in 1929, the hotel will now undergo a "massive, multi-million dollar" renovation encompassing a "complete overhaul" of all guest rooms, according to Highgate.

"The Lexington's historical significance is something that has proven to be a great influence throughout the design process," said David Ashen of Dash Design, the design firm in charge of the renovation. "We felt it was important to highlight the elements that have drawn so many noteworthy guests to this hotel since the late 1920s. We are bringing a fresh perspective to the property and working to create a place that feels familiar and referential."

Amenities at the hotel currently include three full-service restaurants and an onsite Starbucks, all of which will remain at the property.