Cloud Club closed in the evening. Many famous executives based in the tower had lunch in the club. The club was only for men for several decades. In the 1950s and 1960s newer clubs opened, causing the attendance at the Cloud Club to decrease. In 1971 180 corporations supplied 300 members of the club. The club declined more as competition from other clubs increased and as companies moved offices to suburban areas. Texaco moved its employees to Westchester, New York in 1977, and the club closed in 1979. Tishman Speyer, which took over the Chrysler Building in 1998 and refurbished it, leased
Hong Kong Club Building dining rooms and bars for the members – while the 17 upper floors would be leased for normal office use. From 2009, the club took full ownership of the building and collect all revenues, estimated to be HK$100 million a year. The building is occupied by a wide range of companies and organisations including Commerzbank Hong Kong, which occupies the top two floors. Others include online broker Charles Schwab which have space on the ground floor, Libertas Capital Asia Limited on the ninth floor, the Institute of Financial Planners and Iyo Bank on the eighth floor and some law and