Park Lane Hotel Up For Sale Yet Again

By Paul Riegler on 23 May 2017
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IMG_2184The Park Lane Hotel, built in 1971 by Harry Helmsley and whose guest rooms and suites offer unparalleled panoramic views of Central Park, is up for sale again.

The hotel was last sold in 2013 to developers who planned an 855-foot (260-meter) high glass tower set atop 140-foot-tall (43-meter-tall) legs, thereby giving all apartments unobstructed views of Central Park. That structure was never built after one of the investors, Jho Low, a Malaysian financier, failed to make a payment on the mortgage and later came under scrutiny for having stolen his money from the Malaysian people.

The hotel, whose design is a blend of modernism and post-modernism, has been at the center of a battle to preserve the building, which some critics consider to be uninspiring at best.

When it opened, Harry Helmsley and his wife Leona, had a triplex apartment on the top three floors that included a private, 22-foot-long (6.7-meter-long) pool.

The Park Lane continues to operate as a hotel pending any sale.

(Photo: Accura Media Group)

Accura News

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