12. The Waldorf-Astoria Hotel’s Name Was Bought for $1

Ledger of Special Events c.1915-WaldorfAstoria-UntappedCities-AFineLyneLedger 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.

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One Response
  1. Mark Bender Reply

    Many years ago, placards in subway cards had interesting facts regarding New York. One in particular related to The Waldorf Astoria and is never mentioned these days. According to the placard,The Waldorf Astoria masonry does not actually touch the sidewalk. The building has a space of about an inch all around the building where it “almost” meets the sidewalk and was built this way to reduce vibration from the trains running under it.

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