New York City’s once seemingly indomitable hospitality industry sustained another blow this week when the owners of the historic Roosevelt Hotel, a 96-year-old Midtown institution, announced that the 1,025-room hotel will cease operations on Oct. 31.
Named for President Theodore Roosevelt, the hotel opened in the fall of 1924, and its Italian Renaissance façade of chiseled marble and limestone has been an unchanging fixture of the Manhattan streetscape ever since.