The Roosevelt Hotel, the Pakistan International Airline’s (PIA) possession in the heart of Manhattan will shut its doors permanently from October 31.

According to a statement on the hotel’s website, the Roosevelt Hotel will close its doors on guests permanently on Oct 31.

“Due to the current economic impacts, after almost 100 years of welcoming guests to ‘The Grand Dame of New York’ The Roosevelt Hotel is regretfully closing its doors permanently as of October 31, 2020,” the notice said.

“We have been honoured to serve alongside our wonderful staff and to be a part of our many guests’ and clients’ lives and celebrations, who have graced us over these past nine decades,” it said.

The hotel said that it was working on alternatives for the guests with a future reservation. “We have enjoyed being as much a part of our guests’ stories as we have been an integral part of the history of Midtown Manhattan since 1924.”

The statement, however, was later removed from the website but the hotel’s front desk is not accepting reservations post-October 31.

When contacted, the staff said that the hotel is being closed but refused to share further details in this regard.

Earlier, the Cabinet Committee on privatization had said that it would not be selling the Roosevelt Hotel York but would run it under a joint venture with a third party.