The Roosevelt Hotel in New York has announced plans to shut down before the end of the year, citing an "unprecedented environment and the continued uncertain impact from Covid-19."
The 1,025-room property, situated on the corner of Madison Avenue and 45th Street, adjacent to Grand Central terminal, has been a Midtown Manhattan fixture for nearly 100 years. It was built in 1924 and is currently owned by Pakistan International Airlines.
"The owners of The Roosevelt Hotel have made the difficult decision to close the hotel and the associates were notified last week," a spokeswoman for The Roosevelt Hotel said in an emailed statement. "The iconic hotel, along with most of New York City, has experienced very low demand."
She added that there are currently no post-closure plans for the building.
The property's amenities include four food and beverage venues, a fitness center and 30,000 square feet of flexible banquet and conference space, including a 5,600-square-foot grand ballroom.
The Roosevelt, with its ornate, Italian Renaissance-influenced exterior and elegant lobby, is also famous for having served as a backdrop in numerous Hollywood films, including "Malcolm X," "The French Connection," "Wall Street" and "Maid in Manhattan".
The hotel is one of several high-profile New York City properties that have shuttered in recent months, as the city's tourism and hospitality sectors struggle to rebound in the wake of the pandemic.
The 398-room Omni Berkshire Place recently announced on its website that it had closed for good, while the 478-room Hilton Times Square permanently suspended operations earlier this month.
The 452-room Times Square Edition has similarly closed, though Marriott executive vice president and CFO Leeny Oberg said in August that "lenders have stepped in" and that the hotel could reopen.