According to Bloomberg and many other news outlets, my favorite New York hotel, the Waldorf Astoria, is closing for "refurbishing" and when it reopens it will be "primarily" condominiums. That is what happens when an insurance company land trust buys the place.
In other words, they are going to "Plaza-ize" this grand old hotel and we can pretty much count on it being no more. I hope I'm wrong. When Conrad Hilton was a young man with one hotel in Texas he cut out a newspaper photo of the Waldorf Astoria and pinned it up by his desk. He swore he would own the magnificent hotel one day. One day he did.
Today, I am just glad he can't see what is happening to the apple of his entrepreneurial eye. If you can get by the Bull & Bear or Sir Harry's Bar and have one last toast, please think of me.
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