March 16, 2006
More hotels headed for demolition, condo conversion
The New York Sun recounts the exceedingly long laundry list of disappearing hotels headed for condo conversion. It's not pretty.
Conversions range from The Plaza and Essex House, to full demoltions, including the 146-room Sheraton Russell Hotel at 45 Park Avenue.
More from The Sun: A number of hotels are expected to be sold this year, including the 172-room Beekman Tower Hotel at 3 Mitchell Place at the corner of East 49th Street and First Avenue, and the 254-room Shelburne Murray Hill at East 37th Street and Madison Avenue. Industry leaders expect that the Credit Suisse First Boston-owned Hotel Wales, at East 92nd Street and Madison Avenue, will be converted into residential condominiums. (Link found via Curbed.)
March 16, 2006 10:49 PM in Hotelology
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