(CNN) – Since 1924, the Roosevelt Hotel has witnessed history.
A reality of the Manhattan skyline, the hotel has magnificent architecture and is just minutes away from Times Square and the Grand Central Terminal.
But for now, the Roosevelt Hotel will no longer witness motion pictures or moments in history.
The hotel will close its doors permanently this year, a spokesman told CNN in a statement.
The Roosevelt Hotel, owned by Pakistan International Airlines, has cited the coronavirus epidemic and subsequent decline in business as the main reason for its closure.
“Due to the current, unprecedented environment and the continuing uncertain impact of COVID-19, the owners of The Roosevelt Hotel have made a difficult decision to close the hotel and associates were notified this week,” the statement said. “The iconic hotel, along with most of New York City, has also experienced much lower demand and as a result the hotel will close operations before the end of the year. There are currently no plans for the building beyond the scheduled completion.”
The coronavirus has devastated the hospitality industry, forcing many hotels across the country to take drastic measures to save it. Business rates have reached new levels and many employees in the industry have been laid off or laid off.
The hotel, named after President Theodore Roosevelt, has also been seen in films including “Made in Manhattan”, “Owner X M X” and “Wall Street”.
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