 Sheraton sold the hotel, along with seventeen other aging properties, to Gotham Hotels in 1968 and it regained its original name.Former owner Victor Frenkil received numerous city loans before selling the hotel in bankruptcy court for 5.5 million in 1990.The Belvedere was converted to condominiums in 1991, although the building's historic, distinctive grand interior spaces of the ballrooms, restaurants (such as the "John Eager Howard Room" with its large grand murals of pastoral Baltimore scenery, and the "Owl Bar"), and lounges (including the modernistic night club/bistro, "The 13th Floor" and observation level, along with a basement-level shopping arcade) were cleaned, restored and enhanced, remaining open to the general passing public.