The Commodore Hotel Revitalizes New York City’s Grand Central Neighborhood In 1976, New York City (“City”) was bankrupt and crime-ridden. While City residents and businesses fled to avoid the City’s crisis, The Trump Organization and the Hyatt Corporation (collectively the “Partners”) bought the 25-story, 60-year old Commodore Hotel (“Hotel”) on 42nd Street near Grand Central Railroad Station in a run down and dangerous neighborhood. To induce the Partners to invest […]