There are many luxury hotels in Manhattan, but The Pierre stands out as a beacon of old-world charm and modern-day luxury. Opened in 1930 by Charles Pierre, it fell upon economic hard times during the Great Depression and was sold to J. Paul Getty in 1932. Four Seasons Hotels took over management in 1981, but – as of 2005 – it is now owned and operated by the Taj Hotels and Resorts Group.
Ah, The Pierre, a luxury hotel in New York City and one time home to actress Elizabeth Taylor, former Harrods owner Mohamed al-Fayed, and the French designer Yves Saint-Laurent. Charles Pierre, an immigrant from Corsica, began in the restaurant business in New York and over the years established social ties with some of Wall Street’s largest financiers. In 1930, they joined together to form a venture to build The Pierre, a 42 story hotel on Fifth Avenue and east 61st Street, in Manhattan. The Great Depression doomed the prospects for this and many other hotels, and it was forced into bankruptcy in 1932. J Paul Getty then purchased the building in 1938 and converted some of the hotel’s rooms into cooperative apartments. As of 2005, The Pierre is a Taj Hotel, a global chain of fine luxury hotels and resorts. Continue reading