The management announced the closure of the PIA-owned Welt Hotel.
The closure of the PIA-owned Rosevale Hotel in New York has been announced on the hotel's website and the hotel's operations will be closed on a permanent basis from October 31.
"After 100 years of welcoming guests due to current financial difficulties, 'The Grand Dam of New York' The Rose Welt Hotel closed its doors permanently from 31 October 2020 with great sadness," the message said.