The luxury One UN Hotel, which sits next to the United Nations building on New York’s East Side waterfront, is to reopen as the Millennium Hilton New York One UN following a renovation project.

Hilton announced that the hotel will assume its new name on August 30, making it the seventh Hilton-branded hotel in Manhattan.

“The landmark hotel, situated alongside the United Nations headquarters, has long welcomed both leisure and business travellers, and the world’s most esteemed leaders, diplomats and heads of state,” according to a Hilton press release.

“The iconic property is now poised to deliver Hilton’s flagship hospitality to visitors from across the globe.”

The hotel has undergone a total of $68 million in renovations since 2012, including upgrades to its 439 guest rooms, meeting and event spaces, public areas, and the Ambassador Grill restaurant.

“With stunning skyline views, modern accommodations and amenities and a location in one of the world’s most sought-after destinations, we are confident we will exceed our guests’ expectations and further establish Millennium Hilton New York One UN Plaza as one of the city’s top hotels,” said Millennium Hotels chairman Kwek Leng Beng.

The hotel will be owned by Millennium and managed by Hilton.

In addition to the UN, the hotel also is close to Grand Central Terminal, the Empire State Building, Fifth Avenue, Times Square, and the Broadway theatre district. It is located at First Avenue and East 44th Street.,