A developer could tear down the antiquated hotel to build a skyscraper of up to 1.8 million square feet on the roughly 42,000 square-foot parcel, according to sources.

A controversial Manhattan hotel being used to shelter migrants is set to close. The Roosevelt Hotel became an emblem of New York City’s fraught effort to manage thousands of international migrants who have flooded into the city in recent years.

New York City has announced the termination of its $220m lease agreement with the Roosevelt Hotel in the US, which has been housing asylum seekers since its reopening in 2023. This decision will lead to the closure of both the Asylum Seeker Arrival Center and the Humanitarian Emergency Response and Relief Center at the hotel.

New York City's main migrant shelter at the Roosevelt Hotel in Manhattan will shut down, Mayor Eric Adams announced.

The Roosevelt Hotel, which has roughly 1,000 rooms, first transformed into a migrant welcoming center and shelter in May 2023.

Mayor Eric Adams announced on Monday that the hotel will stop housing migrants by June, calling the closure a milestone in New York City’s response to the crisis.

The center, which opened in May 2023, serves as the main arrival center for migrants coming to the city as well as those seeking new shelter placement. It is likely to shutter in late April at the

After nearly two years in operation, the Roosevelt Hotel migrant intake center and emergency shelter in NYC will soon shut down all operations.

The site opened in May 2023, during the height of the asylum-seeker crisis, when the city received an average of 4,000 new arrivals each week.

Other migrant shelter closures may open up their own development opportunities. The 3,000-person facility at 47 Hall St. in Clinton Hill, Brooklyn, expected to close by June, is being eyed by developer RXR Realty as the future site of a mixed-use campus with more than 600 apartments.

The Roosevelt Hotel, which has been open for nearly two years as a main intake center for migrants, is set to close in the coming months, according to Mayor Eric Adams.

The Roosevelt Inn in Northeast Philadelphia has changed hands. The 105-room motel has sold for $5.35 million, according to property records. The sale breaks down to $50,952 per key. Sale prices listed in property records do not always include the additional cost incurred by a buyer for a hotel’s furniture, fixtures and equipment, or FF&E.