Ambassador Razing Plan Delayed
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The Ambassador Hotel, graced by the famous of a bygone era and disgraced by the assassination of Robert F. Kennedy, has tentatively won a six-month reprieve from the wrecking ball.
The 66-year-old hotel’s owners have agreed “in principle” to withdraw their request for a city demolition permit for six months to allow preservationists a last-ditch effort to find a buyer to renovate the hotel, spokeswoman Billie Greer said.
The demolition permit request had not yet been withdrawn by Ambassador Hotel Properties Inc. pending a formal agreement, Greer said. The 23.5-acre property is worth between $60 million and $70 million and would cost $30 million to renovate, she added.
Hotel owners abruptly closed the hotel’s main building in May and filed a petition June 1 seeking city permission to raze the property.
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