Tontine Hotel on Broadway, NYC

The Tontine Hotel, as it was called when opened in 1795. Original title: The Old City Tavern, Broadway. 1795. Drawing by Abraham Hosier. Source: New York Public Library.

The City Tavern was, in fact, demolished to make way for the Tontine Hotel, between Cedar and Thames streets, built from 1794 to 1795. Tontine was a system for raising capital (see more at the Tontine Coffee-House, built months earlier on Wall Street). Later, the hotel was known as Tontine City Hotel. It seems that the tontine system was abandoned later. In November 1801, the property was sold to Ezra Weeks and the hotel was renovated and opened as the "City Hotel" in May, 1802. The hotel closed in 1849.