Because the date is considered unlucky in the US, however, the actual grand opening celebration was held a week later, on Friday March 20, 1981.

The atrium seating was removed in 1990, and subsequently restored after a "high-profile" campaign by the New York City Department of Buildings.

GFI Capital Resources Group and Elliott Management Corporation purchased the hotel for approximately $420 million in 2019.

The companies planned a $100 million renovation, along with the conversion of a portion to private residences,[8] and the potential addition of 67 luxury condos atop the existing structure.

Aside from sprawling guest rooms there's a barbershop, makeup salon, spa, rooftop pool and – the ultimate gem – world famous Burger Joint.