The Port Authority of New York and New Jersey, which owns the 478-room hotel, is closing it on Dec. 1. The agency will put out a request for proposal to redevelop the property, which was built decades ago and needs a big makeover.
The agency took over the hotel in November 2008. It brought in Highgate Holdings to operate it for one year. The Dallas-based hotel investor and operator, controls some 5,000 hotel rooms in the city, including the Park Central and Doubletree Metropolitan hotels.
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