VNO Talks about the future of the Hotel in 2nd quarter earnings conference call

Vornado posted their 2nd Quarter earnings, and held a conference call to discuss. No word on Steve Roth's retirement, but they did cover the current state of the renovations of the Hotel Pennsylvania (currently on hold). Mr. Roth talks about it at time index 1:13:00. "So we are going down 2 paths. One path is the renovation of the hotel, which will drive more income and improve the neighborhood, and the second is putting our big toe into the marketplace to explore the opportunity to land a major anchor tenant for the site and the Penn Plaza district." Roth stated. http://earningscast.com/events/13009c8a1ba15d20dc735886b98a9be4/sawidget.html