When the Roosevelt Hotel opened on East 45th Street in 1924, it was connected to Grand Central via an underground tunnel, signaling its prominence among New York’s Jazz Age society. But nearly 100 years later, the Midtown hotel will shut it doors for good on October 31. As CNN first reported, owner Pakistan International Airlines said in a statement that the decision stems from “the current, unprecedented environment and the continued uncertain impact from COVID-19.”

One late-August morning, I met former New York governor Eliot Spitzer at Hudson Yards, the lavishly subsidized $25 billion real-estate development that will one day house Facebook offices, investment funds, and the pharmaceutical firm Pfizer. I found him at the base of an unfinished skyscraper, where a marketing banner draped across the scaffolding read RESET EXPECTATIONS.

The Jewish Voice: Historic Roosevelt Hotel to Close; Collapse

Gothamist: Lower Manhattan Residents Sue City To Block Transfer

The Broadsheet: The BroadsheetDAILY ~ Not So Fast… Advocacy

Like many hotels pummeled by the pandemic, the InterContinental Times Square is trying to hang on.

Less than 12 months ago, we celebrated another record year for tourism in New York City, with more than 65 million visitors fueling an industry that had grown during the past decade to become the city’s fourth largest economic sector.

A $400 million Hyatt Regency is set to open early next year at the only casino in New York City, even as the hotel industry struggles through its worst market in recent memory.