Pan American Hotel Shuttered and Sold

Pan-American-Hotel

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.

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