A fixture of the Manhattan skyline and the backdrop for numerous blockbuster movies including “Maid in Manhattan,” “Malcolm X” and “Wall Street”, The Roosevelt Hotel will permanently close its doors this year due to the pandemic and the decline in business over the last few months.
“Due to the current, unprecedented environment and the continued uncertain impact from COVID-19, the owners of The Roosevelt Hotel have made the difficult decision to close the hotel and the associates were notified this week,” read a statement from a hotel spokesperson. “The iconic hotel, along with most of New York City, has experienced very low demand and as a result the hotel will cease operations before the end of the year. There are currently no plans for the building beyond the scheduled closing.”
Located at Madison Avenue and 45th Street in Midtown Manhattan, The Roosevelt Hotel is at the very heart of New York City. Designed with classic, elegant architecture, it is known for serving a taste of old-school New York, starting during the Jazz Age of the 1920’s.
“The Roosevelt Hotel has been a landmark on the Manhattan skyline since it opened on September 22, 1924. Over the last 90+ years, this luxurious hotel has remained a true icon of New York City, welcoming millions of guests from around the world,” reads the website.
Since the start of the year, the pandemic has nearly devastated the hospitality industry. According to the Bureau of Labor Statistics, the U.S. leisure and hospitality industry lost 7.5 million jobs in April and, since then, only about half of those jobs have been added back.