12. The Waldorf-Astoria Hotel’s Name Was Bought for $1
Ledger of special events in 1915. Each page describes a single event in detail from the food and wine to the cigarettes and souvenir’s
A man by the name of Lucius Boomer, who owned and managed a number of hotels purchased the Waldorf Astoria hotel name for $1 before it was demolished–and then proceeded to build a new hotel on Park Avenue at its current location.
Opening in 1931, the new hotel by the same name was 47-stories tall with 2,200 rooms and took up the entire city block from 49th Street to 50th Street and from Park Avenue to Lexington Avenue. This was now the largest hotel in the world.