The Park Plaza's previous owner said the hotel will likely need significant investment to keep its competitive edge following a $100 million renovation in 2016. Skip to Main Content Open Close Menu ...

A team led by the Witkoff Group has reached an agreement to buy the Park Lane Hotel on Central Park South for more than $650 million, according to multiple people with knowledge of the deal.

After that it became the Park Plaza Hotel, a YMCA, and a punk venue famous for being the site of a violent 1979 police raid. An undated photo of the Elks Lodge. Courtesy of Omgivning.