The Roosevelt Hotel in Midtown Manhattan to Close Permanently
The Roosevelt Hotel opened its doors in 1924 and was named in honor of President Theodore Roosevelt. Owner Pakistan International Airlines (PIA) may convert it into office tower in future.
It survived World War II, historic elections and was a famous backdrop for many Hollywood movies, but the Roosevelt Hotel will close its doors forever by the end of the month.
The hotel’s owner, Pakistan International Airlines (PIA), announced that the hotel’s last day of operation will be October 31st. It is worth noting, according to Reuters, that Pakistan’s government decided in July not to sell the hotel which could have netted it millions, and instead could turn it into office towers through a joint venture.
"Due to the current, unprecedented environment and the continued uncertain impact from COVID-19, the owners of The Roosevelt Hotel have made the difficult decision to close the hotel and the associates were notified this week…The iconic hotel, along with most of New York City, has experienced very low demand and as a result the hotel will cease operations before the end of the year. There are currently no plans for the building beyond the scheduled closing." - Official Statement
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