Hotel that launched Trump to Manhattan fame to be torn down
Source: Associated Press
Bernard Condon, Ap Business Writer
Updated 6:10 pm CST, Thursday, February 7, 2019
NEW YORK (AP) The building that helped Donald Trump make a name for himself in his first big deal in Manhattan is being sold to developers who plan to tear it down.
Developer TF Cornerstone said Thursday that it and a group managing billionaire Michael Dell's money have agreed to buy the Grand Hyatt New York next to Grand Central Terminal and replace it with a mixed-used tower that will include office and retail space and a smaller hotel.
. . .
When Trump struck a deal to buy the Commodore from the bankrupt Penn Central Corp., the city itself was on the verge of bankruptcy and most other developers were not interested.
. . .
"The lobby was so dingy it looked like a welfare hotel," he wrote in "The Art of the Deal," but then his eye caught a hopeful sign. "There were thousands of well-dressed Connecticut and Westchester commuters flooding onto the streets from Grand Central Terminal and the subway stations below. The city was on the verge of bankruptcy, but what I saw was a superb location."
Read more: https://www.chron.com/news/us/article/Hotel-that-launched-Trump-to-Manhattan-fame-to-be-13599270.php
Dem2theMax
(9,651 posts)BBG
(2,539 posts)This may be our last visit then. Sitting here on the 16th floor reading this and thinking maybe thats why they havent replaced the missing apples artwork in the bathroom. Great location for our visits to NYC but nothing lasts forever.
mikehiggins
(5,614 posts)I have lots of fond memories of the hotel. Helped run a couple of dances there way back when. Great venue. So it goes...