The Archdiocese of New York, which owns the land beneath the ultra-luxury Lotte New York Palace Hotel . at 455 Madison, is working on a sale of the property to the hotel owner for $490 million ( Photo: Epicgenius/Wikimedia Commons) Archdiocese Sells Hotel Property for $490M as Rumors Swirl Dolan’s Stepping Down Soon The Catholic Archdiocese of New York said it is selling the land that it owns under the Lotte New York Palace Hotel to the... News 16 Dec 2025 | 06:33
