Gary Mendell Enhance Quotations

The Algonquin is our first Manhattan property, and marks our fourth acquisition in 2005, with several more pending. The hotel, built in 1902, has always been on the cutting edge of guest comfort and social awareness. It was the first leading hotel in New York to receive ladies traveling alone, and the first to have electronic door locks, smoke detectors and air conditioning in all of its rooms. The Algonquin is an extraordinary hotel, and our goal is to live up to its past and further enhance its legend.

The hotel has received more than $11 million in upgrades since 1998 and is in excellent physical condition. We plan to continue to enhance upon its current high quality with approximately $3.5 million of additional improvements over the next several years.

The hotel, built in 1902, has always been on the cutting edge of guest comfort and social awareness. It was the first leading hotel in New York to receive ladies traveling alone, and the first to have electronic door locks, smoke detectors and air conditioning in all of its rooms. The Algonquin is an extraordinary hotel, and our goal is to live up to its past and further enhance its legend.