So Long to the Hotel Pennsylvania
The Hotel Pennsylvania is going to come down, Steven Roth has told his Vornado shareholders. That’s not a shock. It’s an old-fashioned hotel with a great many small rooms, on an extremely valuable site directly across from Pennsylvania Station, fronting on Seventh Avenue. Because it’s lost some luster over the years, the hotel probably has a rough time drawing business travelers. I stayed there as a young person around 1984, and by that time it was passable but dowdy. Judging by some of the recent reviews on TripAdvisor (e.g., “a real life episode of American Horror Story” and “there were blood stains on the pillows”), it’s slipped further since then. Eight years ago, Roth said that he was planning to renovate and turn it into something great, but we live in a different economic climate now, and the empty air above that giant site at 401 Seventh is apparently just too tempting to resist. A 1,270-foot tower, bearing the not-at-all-phallic name of PENN15, is its likely replacement.
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