Grand Hyatt New York to be demolished

The Grand Hyatt New York opened in 1919 as the Hotel Commodore. Photo credit: Hyatt Hotels & Resorts

Developer TF Cornerstone and private investment firm MSD Partners revealed plans to demolish the Grand Hyatt New York to make way for a 2-million-square-foot office tower.

The property opened in 1919 as the Hotel Commodore, and was connected to New York’s Grand Central Terminal. The Trump Organization renovated the property in 1978, its first development project in Manhattan, and reopened the hotel as the Grand Hyatt New York. Trump severed his ties with the property in 1996 after selling its remaining interest in the hotel.

Now, TF Cornerstone and MSD are taking on the hotel’s lease, which expires in 2077, in order to demolish the property. In its wake an office tower will rise offering office and retail space, subway entrances connecting to Grand Central, and a smaller version of the Grand Hyatt, with future details to come on its size and placement within the building.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The Grand Hyatt New York will remain in operation through the end of 2020. The development will take place in collaboration with an affiliate of Hyatt Hotels Corporation, TF Cornerstone and MSD said in a statement, and state and city approval—as well as construction financing—must be arranged.

The project is taking advantage of the recent rezoning of New York City’s Midtown East neighborhood, which was done in part to add 6.5 million square feet of new office space to the area.

Suggested Articles

Choice Hotels International’s Sleep Inn brand has partnered with sleep and relaxation app Relax Melodies to support healthy sleeping practices.

Hilton EventReady with CleanStay is the next phase of the company’s recently launched Hilton CleanStay program. 

Comanche Nation Entertainment has installed new thermal detectors to monitor temperatures of incoming guests and employees.