The Taft Hotel building is a 22-story pre-war Spanish Renaissance structure that occupies the eastern side of Seventh Avenue between 50th and 51st streets, just north of Times Square, in the Midtown Manhattan neighborhood of New York City.
The larger portion is devoted to the residential condominium called Executive Plaza, with each of its 440 units being privately owned.
The hotel was connected to the famous Roxy Theatre, a movie and stage show palace that opened a few months later, on March 11, 1927.
[citation needed] Other big band performances were by Artie Shaw, Xavier Cugat, Tommy and Jimmy Dorsey, Glenn Miller, and Tony Pastor.
[8] Vincent Lopez performed in residency for 20 years and broadcast a radio show from the hotel, with Gloria Parker, Shake the Maracas.
Lopez later broadcast a TV show from the Taft on the DuMont Television Network, Dinner Date, from January to July 1950.
In 1974, Urban Renewal Housing and Development Corporation, headed by Gilbert M. Federbush, acquired the hotel from Lawrence A. Wien.
A year later, the hotel fell into receivership and was foreclosed on by its lender, the Penn Mutual Life Insurance Company.