Lakewood's three greatest hotels were the Laurel House (opened in 1880; closed in 1932), the Lakewood Hotel (opened January 1891, closed in 1925), and the Laurel-in-the-Pines (opened December 1891, burned down in 1967). Lakewood's promoters claimed that its winter temperature was usually about ten degrees warmer than that of New York City and were warmer than points located further south, but this claim is not substantiated by official records of the United States Weather Bureau. During the 1890s, Lakewood was a resort for the rich and famous, and "The New York Times" devoted a weekly column to the activities of Lakewood society. Grover Cleveland spent the winters of 1891-92 and 1892-93 in a cottage near the Lakewood Hotel, commuting to his business in New York City. Mark Twain also enjoyed vacationing in Lakewood. George Jay Gould I acquired an estate at Lakewood in 1896, which is now Georgian Court University. John D. Rockefeller bought a property in 1902 which later became Ocean County Park. Lakewood's hotel business remained strong in the 1920s and 1950s, but went into severe decline in the 1960s. In the 1960s, much of the woods and cranberry bogs in the township were replaced by large housing developments. Leisure Village, a condominium retirement development on the south side of Route 70, opened for sale in 1963.