One such property that the family owned for years that became the subject of much speculation and scorn was the land occupied by the former Terre Haute House hotel, which stood at the northeast corner of Seventh Street and Wabash Avenue in Terre Haute (the historic former "Crossroads of America" junction of U.S. Highways 40 and 41). Hulman purchased the hotel in 1959 and closed it to the public in 1970. Noted for the rich and famous (as well as infamous) who stayed there during the hotel's early years, the hotel was the target of numerous attempts at revitalization between 1970 and 2005, with the city of Terre Haute taking a purchase option on the property in 2004 in an effort to finally make something happen. None came to fruition, and in the fall of 2005, the Hulman family (through Terre Haute Realty Corp.) sold the hotel and two other historic buildings to a limited liability corporation, Seventh & Wabash, LLC, owned by Terre Haute developer, Greg Gibson, who demolished the structures for redevelopment. A new hotel, the Hilton Garden Inn – Terre Haute House, opened in the fall of 2007.