The Hotel Pennsylvania in midtown Manhattan was one of the true bargains in a city where bargains are few and far between. Located right across the street from Madison Square Garden and Penn Station around 7th Av and 33rd, I’d recommended the place to a few friends in need of a place to stay. You could get a fairly roomy suite for under $100. Unfortunately, time waits for no one and the New Jersey holding company which owns the site is planning on tearing it down. The place became famous back in the 40s thanks to its gigantic ballroom which hosted such greats as (and inspired songs by) Glenn Miller and Duke Ellington. My mom and sister stayed there when they first visited me back in 2001. Frankly the place has seen better days but its sort of weird to think that it will no longer exist. Look for a gigantic office tower to go up in about four years.