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An instant hot spot as soon as it opened in February—Alexander Wang’s fashion week party was at the venue—Gilded Lily is a subterranean bar and club. Guests enter through a black elevator into an interior designed by Roman & Williams. There is a floor embedded with gold glitter, a sunken dance floor, and a massive chandelier that is synced to the music. The 4,000-square-foot space seats 150 seated guests or holds 250 for receptions.

The 761-room Park Central Hotel New York in Midtown West, located midway between the theater district and Central Park, finished a multimillion-dollar renovation from Jeffrey Beers International in October. There is a total of 15,000 square feet of event space including 11 meeting rooms, one boardroom, and a ballroom. The ballroom and adjacent room hold 860 for receptions. In early 2014 the property opened Park Kitchen, a contemporary American restaurant from chef Nathaniel Eckhaus.

Pillars 37 and Pillars 38—two modern, industrial-style raw event spaces—opened in August. Located a block from the Jacob K. Javits Convention Center, the spaces can be combined for more than 8,000 square feet of space. Both spaces have white interiors, high-gloss white floors, and patios. Relish Caterers is the in-house preferred caterer.

The King Cole Bar & Salon at the St. Regis in New York serves Frapin Cuvee 1888, a limited-edition cognac that comes in a Baccarat crystal decanter with a top made of 24-karat gold. Only 1,888 decanters were produced; it's priced at $760 per glass.

Opening this month, Monarch is an indoor-outdoor space on the 18th floor of a Midtown Manhattan building. With Scandinavian decor designed by Natalia Todorova of Gwathmey, Siegel, Kaufman & Associates Architects, the 5,000-square-foot space has floor-to-ceiling silk curtains framing a view of the Empire State Building. Monarch holds 300 guests and is available for buyouts.
