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
Chrysler Building a proper restaurant for its executives prior to renting fourteen floors in the building. The Cloud Club was a compromise between William van Alen's modern style and Walter Chrysler's stately and traditional tastes. A member had to be elected, and if accepted, paid an initial fee of $200, plus a $150 to $300 annual fee. There was a Tudor-style foyer on the 66th floor with oak paneling, and an old English-style grill room with wooden floors, wooden beams, wrought-iron chandeliers, and glass and lead doors. The main dining room, located on the 67th floor, was connected to the 66th floor