Beta The Briev beta is out. Free on iPhone via TestFlight — install it in under a minute.

Join the beta ↗
Briev
Live
Business

Roosevelt Hotel's future clouded as $1.4 million legal deal faces congressional review

A temporary sidewalk structure now covers the vacant Roosevelt Hotel, while a $1.4 million contract with Sullivan & Cromwell is under congressional scrutiny.

A makeshift bridge spanning East 44th to 45th streets has been erected around the empty Roosevelt Hotel, labeled by the city Department of Buildings as a temporary sidewalk shed. A nearby retailer says the work is part of renovations. Meanwhile, the General Services Administration’s agreement with the hotel’s owner, Pakistan International Airlines, is being examined by lawmakers after the agency signed a $1.4 million fee agreement with law firm Sullivan & Cromwell to advise on the property’s redevelopment.

Why it matters

The story highlights federal spending and oversight concerns tied to a high-profile, idle Manhattan property.

In this story

Roosevelt Hoteltemporary sidewalk shed$1.4 million contractGSArenovationcongressional scrutinySullivan & CromwellPakistan International Airlinessidewalk bridgereal estate
Get the beta ↗