Savoy Plaza Hotel

Description

Opened, Oct 1, 1927

Harry S. Black, owner of the Plaza, bought the Savoy Hotel, consolidated the block, and demolished it to commission a newer companion to the older establishment from the architects of the Plaza. The 33-story, 420-foot skyscraper Savoy-Plaza Hotel was designed by McKim, Mead & White, built at a cost of $30 million, and opened on October 1, 1927.

Sold, Jan, 1957

Hilton Hotels acquired the hotel in January 1957 through an exchange of stock with Savoy-Plaza, Inc. On December 31, 1958, the full merger of Savoy-Plaza, Inc. and Hilton Hotels Corporation became effective, and the hotel was renamed the Savoy Hilton.

Sold, May, 1962

Hilton sold the hotel to Webb & Knapp, Inc. in May 1962, for $25 million. who resold a two-thirds interest to British Commercial Property Investments and a one-third interest to London Merchant Securities. Western International Hotels assumed management on June 2, 1964, renaming the property The Savoy Plaza, without the original hyphen.

Destroyed, 1965

The owners announced plans for the hotel's demolition on August 21, 1964, leading to a significant public outcry and protests. On December 16, 1964, the owners announced that the hotel would be replaced by a 48-story office tower, designed by Edward Durell Stone to house the Eastern headquarters of General Motors.

The hotel remained open through the 1964 New York World's Fair, finally closing in October 1965. It was demolished in late 1965 and early 1966 and replaced with the General Motors Building, completed in 1968.

Related People & Organizations

Edward Durell Stone,Designed the 48-story office tower to house the Eastern headquarters of General Motors which replaced the Savoy Plaza Hotel.

Timeline

1892

1927

Images

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Drawings and documents

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The Sherry-Netherland Hotel, Savoy-Plaza Hotel and the Squibb Building

1927 - Opened

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1927 - Opened - Images

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Sherry-Netherland & Savoy-Plaza Hotels reflected in the pond at Central Park, 1933

Sherry-Netherland Hotel and Savoy-Plaza Hotel

Central Park Plaza- Hotel Sherry-Netherland (center) Hotel Savoy Plaza (right), from 58th Street and Fifth Avenue, Manhattan, in 1937

Savoy Plaza Hotel, Fifth Avenue between 58th and 59th Streets, 1942

ASSOCIATED SITES

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Architecture

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The Savoy Hotel (Original)

Ralph S. Townsend

New York

Hospitality

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37-24, 24th St, Suite 102, Long Island City, NY 11101