Pan American Hotel Shuttered and Sold

DNAinfo reports that the Pan American Hotel, on the market for awhile now, closed down on Queens Boulevard January 7th. Despite reports that the seven-story, 216-room hotel was closing for renovations, the hotel actually sold to a new owner. The listing for the property is still online — it was listed in early 2013 for $24,250,000, or for $40,350,000 as part of a larger assemblage that included the entire block.

DNAinfo hasn’t heard what’s in the future for the hotel. We have heard unconfirmed rumors that the site may become a homeless shelter. Know any details? Hit up the tipline.

Decades-Old Pan American Hotel Flies Into the Sunset [DNAinfo]
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