Park Hotel, Nassau and Beekman Streets

The building was originally erected in the 1840s by Sidney E. Morse and Richard C. Morse for the New-York Observer's headquarters. They were brothers of telegraphy pioneer Samuel Morse. About the late 1840s, the Savary's Temperance House was established in a portion of the building. It was expanded by 1854, when it was occupied by the New-York Daily Times (renamed the New-York Times in 1857). The structure was enlarged before 1857, taking over the adjoining building on both Nassau and Beekman streets. The New-York Times left the building in April, 1858, when the Times Building at 41 Park Row was completed.

The building, owned by the Morse brothers, was adapted to house the hotel in the summer of 1859. P. Wight was the proprietor. On December 17, 1859, it was advertised in the New-York Dispatch as a new and commodious house, with modern improvement and airy rooms. In fact, it was a well-regarded hotel at first. In November 1862, George Wight was the proprietor.

In 1872, Albert A. Durand was the proprietor of the Park Hotel, which operated on the European plan. In the same year, the vaults under the Park Hotel were occupied by the printing and mailing rooms of the Christian Union, of which J.B. Ford was the proprietor.

In 1875, the hotel announced rooms at reduced prices and, in 1876, rooms "wonderfully cheap". In September, 1877, James Cassidy bought the proprietorship of the hotel from the lessee P. Hemmer (or Hammond), but Cassidy failed to meet its lease obligations. Then, Hemmer took possession of the hotel on the night of January 30, 1878. Next morning, Cassidy disappeared, leaving its debt unpaid. The hotel closed on February 25, 1878, and the furniture was sold at auction from the next day to March 5.

In April, 1878, the owners of the property, Sidney E. and G. Livingstone Morse, announced their intension to replaced the building by a nine-story commercial building. The old six-story building was demolished by May. In June, plans for the construction of the Morse Building on the site were filled in the Department of Public Buildings. The current 14-story Morse Building was constructed from June 1878 to March 1880.