Oh, so that's New York's 4 star hotel? I wondered which one that was. Because they can't have more than one. You can find an old postcard of the building here, in the NYC section of this site.
The building was later turned into the Milford Plaza, and celebrated the new century with plans for a big renovation. Then came an economic contraction. It closed, changed hands - but now it's redone and open as the Row.
In the 80s, this ad ran everywhere, all the time.
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