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Hotel Penn Rumored To Be Calling It a Day...or More Like a Near-Century

Where: 401 7th Avenue [map], New York, ny, United States, 10001

Reports are swirling around NYC that the 87-year-old Hotel Pennsylvania across from Madison Square Garden may just be coming down.

A report by Grubb & Ellis, says the real estate firm Vornado Realty Trust plans to replace the 1,700 room hotel with a 2.5 million square foot office building by 2011.

Additionally, we hear this office building would come complete with a five-floor trading area.

Not that we like to see such a historic hotel smashed into pieces but the Hotel Pennsylvania has had some trouble with upkeep as of late. (Cough, bed bugs, cough.) And probably all those years of hosting the dog show contestants didn't help them either.

Related Stories:
· Pennsylvania Hotel May Be Slated for Demolition [WNYC]
· Hackers Can't Book Online at Hotel Pennsylvania [HotelChatter]
· Bed Bugs in Court [HotelChatter]