Hilton Times Square is the latest causality of the virus-induced downturn that has crushed the global hospitality industry.
A filing with the New York State Department of Labor on Aug. 31 said the iconic 478-room hotel situated on 234 West 42nd Street would ‘permanently close’ on Oct. 1.
WSJ reached out to Sunstone Hotel Investors Inc., the real estate investment trust which manages the hotel for more color on the upcoming closing.
A Sunstone spokesperson responded in an emailed statement by indicating the filing to New York state officials “was not intended to imply that there is a permanent closure.”
The spokesperson said the filing was intended to inform state officials that layoffs would be seen in the coming months as a result of the closing, adding that a “definitive reopening date has not been determined or established and will be impacted by negotiations with our lender, as well as market conditions.”