Grand Hyatt New York Will Give Way to a New Hotel and Retail Space

Michael Nagle / Bloomberg

Signage for Hyatt Hotels Corp.’s Grand Hyatt is displayed on the corner of Lexington Avenue and East 42nd Street in New York, U.S., on Tuesday, Feb. 16, 2016. Michael Nagle / Bloomberg

Skift Take: Midtown Manhattan is rapidly changing, thanks to new zoning laws, and Trump might be feeling edged out. One of his first big projects is being torn down forever, and who knows — maybe he’ll get nostalgic. There will be taller buildings, and the Grand Central train station will get a facelift.

— Isaac Carey

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