It’s no secret that hotels have been struggling since the start of the coronavirus outbreak. Travel restrictions and safety concerns have led to unprecedented vacancies, and while some hotels may have enough cash reserves to sustain themselves through an extended downturn, others may have no choice but to permanently close their doors.
Such is the case for New York City’s famed Roosevelt Hotel, which has become yet another casualty of the pandemic. The iconic hotel, which has been around since 1924, announced in October that it will be shutting down at some point this year. And that’s a harsh blow for New York City hotels in particular.
A sobering turn of events
The Roosevelt hotel, located minutes from New York City’s famed Times Square and Grand Central Terminal, has been a huge part of the city’s history. In fact, it served as the election headquarters for Gov. Thomas Dewey when