Mike Marsland/WireImage; CBS/Getty Images
Nick Romano
May 10, 2017 AT 11:37 AM EDT

Josh Gad will host the Party of the Century. The Beauty and the Beast and Murder on the Orient Express actor will next embody Truman Capote in a film from directing duo Robert Pulcini and Shari Springer Berman (American Splendor).

Party of the Century takes its name from Capote’s highly publicized and infamous shindig, the Black and White Ball. On top of being a literary pioneer, the Southern socialite gathered his high-society friends at the Grand Ballroom at New York’s Plaza Hotel on Nov. 28, 1966.

Deborah Davis documented the lavish affair, in which guests wore masks and black-and-white attire, in her book Party of the Century: The Fabulous Story of Truman Capote and His Black and White Ball.

Capote’s social life went to hell, however, when he dropped the bomb that was La Côte Basque, 1965 in Esquire‘s November 1975 issue. The first part of his planned Answered Prayers aired the dirty laundry of his friends.

Gad follows in the footsteps of Toby Jones and Philip Seymour Hoffman, both of whom portrayed Capote in 2006’s Infamous and 2005’s Capote, respectively.

Jack O’Connell (Unbroken) and Chloe Grace Moretz (Neighbors 2: Sorority Rising) will also star in Party of the Century as Peter, “a working-class elevator operator,” and Fawn, “a beautiful Hollywood ingénue.” The film, which will begin production in New York City later this year, follows the pair as they score coveted invites to the Black and White Ball.

Hilary Davis, Stephen Kelliher, Patrick Howson, Phil Hunt, and Compton Ross will executive produce, while CAA and Bankside Films handle the North American sales rights.

“Our film is a delicate balance of worlds converging at a pivotal moment in time,” Pulcini and Berman said in a statement. “Jack, Chloe and Josh are brilliant performers who can embody these worlds while bringing the electricity and pathos required to make the story fly.”

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