The Pennsylvania Society event has been held in the Waldorf Astoria since 1899.

This year, however, will be the last to be held there for awhile. Perhaps it will be the last ever held there.

That’s because the legendary hotel is set to undergo a major renovation in the spring of 2017 that will led to the building being closed for up to three years.

The Anbang Insurance Group, a Chinese company, bought the hotel in 2015 for $1,95 billion.

“We are currently developing conceptual plans and will share additional details once those plans are finalized,” they stated.

It appears the remodeling will involve removing most of the rooms in order to create luxury condos instead.