For more than 20 years Steven Roth has wanted to close the Hotel Pennsylvania, demolish it, and build a tower in its place. Now that the coronavirus pandemic has forced the Vornado Realty Trust CEO to take that first step, he is thinking anew about the other two. As tourism dried up, Vornado closed the not-quite-prestigious hotel at 401 Seventh Avenue on April 1 and furloughed 414 of its employees. Then, on an earnings call
source https://therealdeal.com/2020/05/06/vornado-might-never-reopen-century-old-hotel-pennsylvania-ceo-says/
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