Almost A Century-Old Roosevelt Hotel In Midtown Manhattan To Close Due To Losses

An iconic landmark of Midtown Manhattan, The Roosevelt Hotel will close this month amid the ongoing coronavirus pandemic. The lockdown and restrictions because of the pandemic have resulted in huge losses following which the hotel has decided to shut down. The 96-year-old hotel will reportedly close its doors at the end of October. The hotel covers an entire city block and is extremely famous or interiors that include enormous vases, old-school chandeliers, and a grand lobby. A statement issued by the hotel said that the difficult decision by the owners of The Roosevelt Hotel has been taken considering the continued uncertain impact of the coronavirus. According to the statement, the associates of the hotel have been notified about the decision this week.

The hotel has informed employees about the decision on social, reports said. According to the Hotel Trades Council, a union that represents workers, the hotel owners have violated the 60-day notice to inform workers that they are going close. A spokesperson of the hotel has not responded to queries in the regard. Earlier in March, the hotel had issued furloughs. At that time there were around 500 people employed with the hotel. The 16-story structure, which is located on West 45th Street near Madison Avenue, is also famous for its subterranean tunnel. The tunnel connected to nearby Grand Central Terminal and offered a link to guests of the hotel heading out for a night on the town. However, the tunnel was sealed in 2015.

The decision to close Roosevelt Hotel came soon after similar announcements were made by hotels like the Courtyard by Marriott, Times Square Hilton, and the W Hotel. The hotel has also been immortalized as it featured in several Hollywood blockbuster movies such as Men In Black 3, Wall Street, and Malcolm X. It has been named after former President Theodore Roosevelt. He died in the year 1919. Opened in 1924, the hotel was just a few years from celebrating 100 years in business.