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It is set down in the heart of Midtown, surrounded by top rated Manhattan sights and famed purchasing along Madison and Fifth Avenue. The hotel’s courtyard faces St. Patrick’s Cathedral, and it’s a block away from Saks Fifth Avenue and Rockefeller Center, with its ice skating rink and ginormous Christmas tree in winter. Luxury shops abound — Bergdorf Goodman, Tiffany’s, Chanel, and the Louis Vuitton flagship are all inside a 10-minute stroll. Competition is also challenging, as Shanghai is presently…