(CNN) – Since 1924, the Roosevelt Hotel has witnessed history.
A fixture of the Manhattan skyline, the hotel boasts elegant architecture and is minutes from Times Square and Grand Central Terminal.
But now, The Roosevelt Hotel will no longer witness any footage or moments in history.
The hotel will close its doors permanently this year, a spokesperson on CNN said in a statement.
The Roosevelt Hotel, owned by Pakistan International Airlines, cited the coronavirus pandemic and the resulting downturn in business as the main reasons it will cease operations.
“Due to the current unprecedented environment and the continuing uncertain impact of COVID-1
The coronavirus has devastated the hospitality industry, forcing many hotels across the country to take drastic steps to survive. Employment rates have reached new lows and many employees in the sector have been laid off or laid off.
Named after President Theodore Roosevelt, the hotel has also been seen in films such as “Maid in Manhattan”, “Malcolm X” and “Wall Street”.