In 2015, New York Palace Hotel was bought by the Lotte Group and has been rebranded as the Lotte New York Palace. What has become an iconic symbol of East Side elegance began as a row of townhouses. In 1882, Henry Villard, a successful German businessman, appointed the McKim, Mead, and White architectural firm to construct six private brownstones around a courtyard. The houses were modeled after the sixteenth century Palazzo della Cancelleria, thought to be the oldest Renaissance palace in Rome. Move forward almost one hundred years to the spring of 1974 when Harry Helmsley – a top real estate investor and broker – built a fifty-five-story hotel on the site of the Villard Houses. The Helmsley Palace Hotel opened in 1981 and was run by Helmsley's wife, Leona. Dubbed the "Hotel Queen" (or, alternatively, the "Queen of Mean") Leona was known for her quick temper and, later, for her criminal activity. In a massive scandal, the couple was indicted for evading more than $4 million in income taxes and for the misappropriation of hotel funds. Yet, through all this controversy, the Palace has remained a New York City icon. With a stunning exterior that is brightly illuminated at night, the 899-room hotel is just as beautiful on the inside. The palatial lobby boasts the famed Grand Staircase, a decadent chandelier, high ceilings, and intricate columns.