A lavishly refurbished reincarnation of a classic Manhattan theater club, the Chatwal delivers a stylish, luxury experience with a matching price tag. The lobby, saturated in red leather and marble, with gilded touches, plays on the property's Art Deco legacy. Guest rooms and suites—some with terraces—are opulent yet understated, with faux-leather cabinets designed to resemble classic luggage; Shifman mattresses and Frette linens; and interactive bedside consoles that control lighting, television, and curtains. The Lambs Club restaurant is a destination, with a roaring fireplace, plush leather banquettes, and seasonal New American cuisine. There's also a nicely appointed bar with cocktails by mixology guru Sasha Petraske. The small, well-appointed spa offers a laundry list of pampering treatments.