As NYC’s historic Roosevelt Hotel site sits in limbo, Morgan Stanley team poised to become new financial adviser: sources
NegativeU.S News

- The historic Roosevelt Hotel in New York City has remained vacant since June, when the city ended its contract with PIA to utilize the site as a migrant shelter. As a result, the future of the 1,000-room hotel is currently uncertain, leaving it in a state of limbo.
- The involvement of Morgan Stanley as a potential new financial adviser for the Roosevelt Hotel site indicates a shift in strategy, which could lead to new opportunities for redevelopment or alternative uses for the property, impacting the local economy and the hospitality sector in NYC.
— via World Pulse Now AI Editorial System



