John Jacob Astor IV IV was born on July 13, 1864 at his parents' country estate Ferncliff in Rhinebeck, New York. He was the youngest of five children and only son of businessman, collector, and race horse breeder/owner William Backhouse Astor, Jr. and socialite Caroline Webster "Lina" Schermerhorn. His four elder sisters were Emily, Helen, Charlotte, and Caroline ("Carrie"). He was a great-grandson of fur-trader John Jacob Astor and Sarah Cox Todd, whose fortune made the Astor family one of the wealthiest in the United States. Astor's paternal grandfather William Backhouse Astor, Sr. was a prominent real estate businessman. Through his paternal grandmother, Margaret
John Jacob Astor Hotel ownership of the hotel changed hands several times. In late 1951, the Hotel Astoria was renamed the John Jacob Astor Hotel, in honor of the city's namesake, John Jacob Astor. The landmark building was repainted pink. However, a postwar decline in business continued, and other problems persisted. In 1961, the Astoria Fire Department found 51 code violations, six of them major, but all of the violations remained uncorrected seven years later. The restaurant and "Fur Trader Lounge" bar were closed by the Internal Revenue Service in early 1968 for failure to pay taxes. In 1968, city officials condemned the building,