• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
PoliticsNew York City

Historic Roosevelt Hotel being converted to a shelter in the face of an expected wave of asylum seekers

By
Deepti Hajela
Deepti Hajela
,
Bobby Caina Calvan
Bobby Caina Calvan
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Deepti Hajela
Deepti Hajela
,
Bobby Caina Calvan
Bobby Caina Calvan
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
May 15, 2023, 7:05 AM ET
The entrance of the Roosevelt Hotel, a historic luxury hotel in Midtown Manhattan
The Roosevelt Hotel announced in October 2020 the hotel would permanently close due to continued financial losses associated with the COVID-19 pandemic.Timothy A. Clary—AFP/Getty Images
Add Fortune on Google for similar content.

The historic Roosevelt Hotel in midtown Manhattan shuttered three years ago, but it will soon be bustling again — reopening to accommodate an anticipated influx of asylum seekers just as other New York City hotels are being converted to emergency shelters.

Mayor Eric Adams announced Saturday that the city will use the Roosevelt to eventually provide as many as 1,000 rooms for migrants who are expected to arrive in coming weeks because of the expiration of pandemic-era rules, known collectively as Title 42, that had allowed federal officials to turn away asylum seekers from the U.S. border with Mexico.

Across the city, hotels like the Roosevelt that served tourists just a few years ago are being transformed into emergency shelters, many of them in prime locations within walking distance from Times Square, the World Trade Center memorial site and the Empire State Building. A legal mandate requires the city to provide shelter to anyone who needs it.

Even so, Adams says the city is running out of room for migrants and has sought financial help from the state and federal governments.

“New York City has now cared for more than 65,000 asylum seekers — already opening up over 140 emergency shelters and eight large-scale humanitarian relief centers in addition to this one to manage this national crisis,” the mayor said in a statement announcing the Roosevelt decision.

The storied hotel near Grand Central Terminal served as election headquarters for New York Gov. Thomas Dewey, who in 1948 was said to have wrongly announced from the Roosevelt that he had defeated Harry Truman for president.

As the city faces growing pressure to expand its shelter system, it is turning to vacant hotels for those who need a roof and a place to bunk down as they sort out their lives. One of them is the Holiday Inn, located in Manhattan’s Financial District. A few months ago, signs in the lobby windows of the 50-story, 500-room hotel said it was closed.

Scott Markowitz of Tarter Krinsky & Drogin, attorneys for the hotel’s owner, said reopening as a city-sponsored shelter made financial sense.

“They rent out every room at the hotel at a certain price every night,” Markowitz said, adding that it is bringing “substantially more revenue” than normal operations would have brought in.

It’s not new for the city to turn to hotels for New Yorkers without homes when shelters and other options weren’t available.

During the pandemic, group shelters made it difficult to comply with social distancing rules, prompting the city to rent out hundreds of hotel rooms as quasi COVID wards. As the pandemic eased, the city became less reliant on hotels.

That changed as thousands of migrants began arriving by bus last year.

The Watson Hotel on West 57th Street, which used to receive rave reviews for its rooftop pool and proximity to Central Park, is now being used to house migrant families.

“It is our moral and legal obligation to provide shelter to anyone who needs it,” the city’s Department of Social Services said in a statement. “As such, we have utilized, and will continue to utilize, every tool at our disposal to meet the needs of every family and individual who comes to us seeking shelter.”

Before the surge in asylum seekers, the city was dealing with increased homelessness, packed shelters and a dearth of affordable housing. New York even announced a plan to send hundreds of migrants to hotels in suburban Orange and Rockland counties across the Hudson River, angering local leaders.

Vijay Dandapani, the president and CEO of the Hotel Association of New York City, said the city needs to come up with long-term solutions.

“Hotels are not the solution for these situations,” he said, adding that the optics posed problems for taxpayers who might think migrants are living in luxury at their expense.

But some advocates for the homeless say the private quarters that hotel rooms provide are a better choice than the barracks-style accommodations the city usually provides.

Kassi Keith, 55, one of the city’s homeless residents, welcomed the hotel arrangement.

“Having your own room, what it gives you, it gives you peace of mind,” Keith said. “I can go to sleep with both eyes closed, you don’t have to keep one eye open.”

Earlier this year, dozens of migrants staged a protest after being evicted from hotel rooms and forced into barracks set up at the Brooklyn Cruise Terminal, which has poor access to public transportation. They complained about the cold, the lack of privacy and not having enough bathrooms.

The Roosevelt Hotel will first open this week as a welcome center providing legal and medical information and resources, officials said. It also will open 175 rooms for families with children, then expand the number of rooms to 850. The city said another 150 other rooms will be available to other asylum seekers.

“When you offer people something like a hotel room, you’re much more likely to get a positive response to it,” said David Giffen, executive director of the Coalition for the Homeless, adding that the rooms provide “privacy and dignity.”

But Giffen said hotels won’t address the greater problem of a lack of affordable, permanent housing.

“What’s behind all of this (is) that we have such a failed housing system that people who have lower incomes end up using the shelter system as the de facto housing system,” he said. “And then the shelter system doesn’t have enough beds so we’re using the hotels as a de facto shelter system.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Deepti Hajela
See full bioRight Arrow Button Icon
By Bobby Caina Calvan
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
PoliticsIran
U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
By Jon Gambrell, Josh Boak and The Associated PressJune 29, 2026
5 hours ago
alan
LawSupreme Court
Supreme Court to Alan Dershowitz: take a hike with your $300 million defamation suit against CNN
By Lindsay Whitehurst and The Associated PressJune 29, 2026
10 hours ago
acb
PoliticsSupreme Court
One of Trump’s Supreme Court appointees just saved the late mail ballots he hates so much
By Mark Sherman and The Associated PressJune 29, 2026
10 hours ago
lc
PoliticsSupreme Court
Supreme Court rules against Donald Trump in his quest to fire Fed Governor Lisa Cook — for now
By Mark Sherman and The Associated PressJune 29, 2026
10 hours ago
aus
LawSocial Media
Australia’s under-16 social media ban is failing, so the government is (literally) doubling down
By Rod McGuirk and The Associated PressJune 29, 2026
12 hours ago
swisher
Politicspodcasts
‘Podcasts are the NBA’: Scott Galloway on Kara Swisher’s big success — ‘there’s a small amount of people making a lot of money’
By Steven Sloan and The Associated PressJune 29, 2026
12 hours ago

Most Popular

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
11 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
5 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
3 days ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
2 days ago
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Success
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
By Orianna Rosa RoyleJune 28, 2026
2 days ago
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
Success
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
By Preston ForeJune 28, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.