The Archdiocese of New York, which owns the land beneath the ultra-luxury Lotte New York Palace Hotel, at 455 Madison Ave., is working on a sale of the property to the hotel owner for $490 million. ( Photo: Epicgenius/Wikimedia Commons) Archdiocese Selling Hotel Property for $490 Million for Sex-Abuse Fund 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 19 Dec 2025 | 12:35
