MCR — the country’s 3rd-largest hotel owner-operator — has acquired the iconic Gramercy Park Hotel in New York City. MORSE Development, which developed the experiential TWA Hotel at New York City’s JFK Airport, will bring back the magic and glamour of the five-star hotel, which has been closed since 2020. An extensive renovation will revitalize the lobby, the first-floor restaurants and bars, and the hotel’s 197 guestrooms and suites. The spectacular 7,000-square-foot rooftop bar — the only venue with a view of the exclusive Gramercy Park — will also receive a full restoration. Built in 1924 on the site where Pulitzer Prize-winning novelist Edith Wharton was born, the 18-story luxury hotel has a rich history as a haunt for athletes (Babe Ruth frequented the bar), politicians (a young John F. Kennedy Jr. stayed there with his father) and screen legends (Humphrey Bogart married stage actress Helen Menken there in 1926). But it was a true favorite of rock stars. The Clash, U2, Bob Dylan …
Source: , New Hotel Opening

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