The Jerusalem Waldorf Astoria Hotel is located on the corner of Agron and David Hamelech Streets in a building that housed the Arab owned luxury Palace Hotel in the 1920s. The building was purchased in 2006, renovated but has retained the facade of the beautiful Palace hotel. It is designed around an inner courtyard of pale Jerusalem stone along with the signature grandfather clock, which features in Waldorf Astoria hotels around the world. This first Waldorf Astoria in Israel has 227 rooms and a residential wing with 30 luxury apartments. It was opened in 2014.