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Gramercy Park Hotel

Closed for renovation · reopening expected fall 2026 #20 · New York
Status: the Gramercy Park Hotel has been closed since 2020 and is not taking guests. MCR and MORSE Development, which acquired the property in 2023, are carrying out a full renovation of the lobby, the first-floor restaurants and bars, all 197 rooms and suites, and the roughly 7,000-square-foot rooftop bar, with a reopening expected in fall 2026, a date that has already slipped more than once. This page is a status and history record, not a booking page. We will re-review the hotel against the current New York field once it takes guests again.
Gramercy Park Hotel, closed for renovation at 2 Lexington Avenue
Gramercy Park Hotel individually designed room before the closure
Gramercy Park, the private square on the hotel's doorstep
Gramercy Park Hotel Rose Bar interior before the closure
The Record · by Fredrik Filipsson
The Gramercy Park Hotel is closed and cannot be booked. The landmark at 2 Lexington Avenue, on the edge of the city's only private park, has been shut since 2020, and MCR with MORSE Development is renovating all 197 rooms, the lobby, the ground-floor restaurants and bars and the rooftop, with a reopening expected in fall 2026. The history below describes the hotel as it operated before it closed; there is no booking on this page.
8.5Rooms
8.6Service
9.1Location

Pre-closure editorial score of 8.7 of 10, the composite average of the three factors above (Rooms, Service, Location), reflecting the hotel as it operated before 2020. It is not a current rating and there is no booking link on this page. Method at our methodology page. We will re-score the hotel once it reopens.

What happened to the Gramercy Park Hotel?

The Gramercy Park Hotel closed in 2020 and has not reopened. For years it held a distinction no other hotel in New York could claim: its guests received a key to Gramercy Park, the private two-acre square that the surrounding townhouses control and that most New Yorkers never enter. That access, along with the Rose Bar, the individually designed rooms and Danny Meyer's Maialino on the ground floor, made it one of the most characterful addresses in the city. When it went dark, it left a real gap in the Gramercy and Flatiron corridor.

The property was acquired in 2023 by MCR, one of the largest hotel owner-operators in the United States, with MORSE Development leading the reopening. The team secured a 150 million dollar loan and is renovating the lobby, the first-floor restaurants and bars, all 197 guestrooms and suites, and the roughly 7,000-square-foot rooftop bar. A reopening is expected in fall 2026, though the timeline has slipped from an earlier 2025 target, and the project has worked through a legal dispute with a neighbouring co-op that at one point halted construction before a ruling allowed it to resume. One thing has already changed for good: Maialino has returned to the neighbourhood rather than the hotel, reopening nearby at 67 Irving Place, so it will not be part of the reopened Gramercy Park Hotel. What the reopened hotel keeps of its old identity, from the private-park access to the art-filled bars, will only be clear once it takes guests, and even the fall 2026 target should be treated as a plan rather than a promise given how often the date has moved.

Closed since 2020 197 rooms & suites Reopening expected fall 2026 MCR / MORSE Development Gramercy Park
The Rooms

What were the rooms like before the closure?

Before it closed, the Gramercy Park Hotel had 197 individually furnished rooms and suites, and the individuality was the point: original artworks, custom upholstery and a bohemian-luxe design language set a baseline that the quality linens and Aesop bath products supported. The upper categories, from the Junior Suites to the Garden Suite and the Penthouse, opened up the space and, in some cases, the outlook toward the private park below. It was never a hotel of uniform, corporate rooms; it was a hotel where each room felt hand-assembled, which was part of the appeal and, occasionally, part of the unevenness.

All of that is now under renovation. MCR and MORSE Development are reworking every one of the 197 rooms, so the interiors that a returning guest will find in fall 2026 will not be the rooms described here. Until the hotel reopens and we can assess the new product in person, we are treating this section as a record of what was rather than a guide to what will be. If you are drawn to individually designed rooms in this part of the city today, the open alternatives further down are the better place to look.

Planning note

Because the reopening date has moved before, do not build a trip around the Gramercy Park Hotel until it has confirmed it is taking reservations. For a stay near the private park in the meantime, the open downtown alternatives below are the practical choice.

Dining & Bars

What about the restaurants and bars?

The hotel's dining is part of the renovation, and its best-known name is not coming back. For years the ground-floor draw was Maialino, Danny Meyer's Roman trattoria, which functioned as a genuine neighbourhood institution for the Gramercy and Flatiron corridor as much as a hotel restaurant. Maialino has now returned to the area on its own, reopening nearby at 67 Irving Place, so it will not be part of the reopened hotel. The Rose Bar, the hotel's celebrated social room hung with original art, and the Jade Bar are among the first-floor spaces being restored rather than reopened as they were.

What will change on the rooftop?

The rooftop is a central part of the project. MCR and MORSE Development are fully restoring the roughly 7,000-square-foot rooftop bar, long one of the hotel's signatures and, before the closure, one of the more coveted rooms in the neighbourhood. What form it takes when the hotel reopens is not yet public, and as with the guest rooms we will describe the new rooftop only once it is open and we have seen it. For now, treat any mention of the old Rose Bar or rooftop as history rather than a current offering.

Amenities

Signature features, before and under renovation

Key to private Gramercy Park
197 individually designed rooms
Rose Bar (under restoration)
7,000 sq ft rooftop (under restoration)
Landmark at 2 Lexington Avenue
Renovation by MCR / MORSE
Maialino returned nearby, not to the hotel
Closed to guests since 2020
Reopening expected fall 2026
Location

On the edge of Gramercy Park

Gramercy Park Hotel · 2 Lexington Avenue, New York, NY 10010
Gramercy Park, at 21st Street · overlooking the city's only private park

What's nearby

  • Gramercy Park
    Private two-acre square
    Across the street
  • Madison Square Park
    Flatiron edge
    6 min walk
  • Union Square
    Greenmarket & subway
    7 min walk
  • Flatiron Building
    Fifth Avenue
    8 min walk
  • Maialino at 67 Irving
    Danny Meyer trattoria
    4 min walk
Photos

The landmark, the rooms, the park

Where to stay instead

Where should you stay while the Gramercy Park Hotel is closed?

Because the Gramercy Park Hotel cannot be booked, the practical question is where to stay nearby instead, and downtown gives you strong open options. The Bowery Hotel, a short walk east, is the closest match in spirit: a characterful, low-lit landmark on the edge of the East Village with a beloved lobby bar. The Standard, High Line brings a different energy in the Meatpacking District, glassy and social, straddling the elevated park. The Ned NoMad, a few blocks north in the restored Metropolitan Life building, layers members-club style over a hotel with three restaurants. Any of the three delivers the downtown character the Gramercy was known for, and unlike the Gramercy, they are taking guests now.

HotelStyleBest forNote
Gramercy Park HotelLandmark on the private parkNot bookableClosed, reopening expected fall 2026
The Bowery HotelCharacterful downtown landmarkAtmosphere, lobby barOpen
The Standard, High LineGlassy Meatpacking hotelScene, viewsOpen
The Ned NoMadMembers-club style hotelDining, designOpen
FAQ

Frequently asked questions

Is the Gramercy Park Hotel open?

No. The Gramercy Park Hotel has been closed since 2020 and is not taking guests. The 197-room landmark at 2 Lexington Avenue is undergoing a full renovation and cannot be booked at present.

When will the Gramercy Park Hotel reopen?

A reopening is expected in fall 2026, though the date has slipped more than once, from an earlier 2025 target. The owners have said construction is under way, so confirm the current status directly before making plans around it.

Who owns the Gramercy Park Hotel now?

MCR, one of the largest hotel owner-operators in the United States, acquired the property in 2023, with MORSE Development leading the reopening. The team secured a 150 million dollar loan to renovate the lobby, the first-floor restaurants and bars, all 197 guestrooms and suites and the roughly 7,000-square-foot rooftop bar.

Is Maialino coming back to the Gramercy Park Hotel?

No. Danny Meyer's Maialino, long the hotel's ground-floor draw, has returned to the neighbourhood rather than the hotel, reopening nearby at 67 Irving Place. The restaurant is not part of the reopened Gramercy Park Hotel.

What was the Gramercy Park Hotel known for?

Its signature was a key to Gramercy Park, the private two-acre square that only surrounding residents can normally enter, along with the Rose Bar, its individually designed rooms and its long association with New York's creative crowd. We will re-review the hotel against the current New York field once it reopens and takes guests again.

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