The Mayor of New York City announced Monday that the city would end its lease contract of $ 220 million with the Roosevelt hotel, owned by Pakistan International Airlines, after criticism of the money of US taxpayers who are used to house asylum seekers.
The hotel closed in 2020 due to the continuous financial losses associated with the Covid-19 pandemic and reopened in 2023 as a refuge for asylum seekers deported to liberal states by the Texas conservative governor.
The mayor of New York City, Eric Adams, facing the pressure of the federal government and the right intransigents, announced the closure of the installation on Monday.
He accredited the closure of the successful emergency response decisions and the administration’s policy, stating that it would help the city save millions of dollars from taxpayers.
According to reports, the hotel housed tens of thousands of migrants in their 1,025 rooms at an estimated cost of $ 200 per night.
The city has seen a strong decrease in the weekly arrivals of migrants, falling from 4,000 at the top of the crisis in 2023 to approximately 350 now.
The Roosevelt hotel served as a key processing center, driving around 75 percent of migrants who arrived in the city.
In June 2023, the Government began leasing the hotel to the New York City Administration for three years against $ 220 million.
In February 2024, the caregiver’s government signed an agreement with an American consortium for the development of the joint business of the Roosevelt hotel as the process of privatization of the loss loss of loss approached the end.
Later in August of that year, the Board of the Privatization Commission recommended a joint business such as the most appropriate transaction structure for the hotel.
The 19 -story building, with 1,025 rooms, named for the former president of the United States, Theodore Roosevelt, opened his door to the rich and famous United States in 1924, almost 100 years ago. Now, most of its tenants are illegal refugees from neighboring nations of Latin America, although some are also of distant regions.
In 1979, an American real estate developer Paul Milstein leased the hotel to Pia. In 2000, Pia and the Saudi prince Faisal Bin Khalid bought the hotel, and then acquired the participation of the property of the Faisal Prince.
