Holt's Hotel

Stephen Holt, who had amassed wealth from his inn, built this six-story, marble-clad hotel, sparing no expense with luxury furnishings and even installing a steam-driven elevator. It was the largest hotel in the U.S. at the time, with 165 rooms, including a dining hall that could accommodate 1,000 guests. The hotel featured advanced amenities, such as a steam engine to raise food from the kitchen and a water system that pumped pure rock water throughout the building. The hotel’s height and modern features made it a prominent structure in early 19th-century New York. Despite initial success, Holt's extravagant spending and a failed well-boring project led to the hotel's financial collapse, earning it the nickname "Holt's Folly."

The hotel was renamed the United States Hotel and continued to host grand events.