A hotel developer bought it and built a resort.

However general economic trends halted further progress as of April 2009, and in mid-2012 the site was sold to a Chinese hotel developer.

Tax benefits in the mid-1980's for real estate investments led to free-wheeling lending to hotel developers by savings and loan institutions.

Some hotel developers, however, expressed concern that there may be too much development planned for a rather concentrated area of Queens.

"There's a hotel developer who's talking to us and a few people who are interested in the existing building as well."

The buildings were subjected to a legal battle that was lost by the historic hotel developers.

But the hotel developers here are high rollers, too, and betting big on a luxury future.

What was it with hotel developers in Vegas?

Madison Marquette has not yet selected a hotel developer.

Parrish enjoyed a second career as a hotel developer until he retired to spend more time with his wife and family.