 The hotel was sold to developer Ian Bruce Eichner in 1995 and left the Omni chain, reverting to its original name, Park Central Hotel.Eichner converted half the hotel's 1,450 rooms into the Manhattan Club, a 266-unit, all-suite timeshare development located at the north side of the hotel at 200 West 56th Street.The Mermaid Room was created as the hotel's cocktail bar and nightclub in the late 1940s.