02.11.2025 Vornado plots high hopes for Hotel Penn site — but needs rents to match
Last year Vornado Realty Trust executives floated tennis courts at the old Hotel Pennsylvania site to ride out an “office apocalypse.”
On Tuesday, CEO Steve Roth dismissed the threat of the remote work trend as “a scare,” and said the Hotel Penn site, also known as Penn 15, “was down to the ground and ready to go.”