Description & Facts: *added note Feb.29th of 2008 - Demolition has begun* - 10.2007 - My tribute to The Metropolitan Hotel (a building I fell in love with a while ago) is a 180-room historic structure located at 309 Asbury Avenue in Asbury Park, New Jersey and was one of the last large hotels operating in Asbury Park before it closed in 1989. The hotel is set to be demolished by October 2007 because it has become a hazard and is in danger of collapse. The current structure is not the original, although a hotel has operated on the site under this name since the 1880's. The main structure is a Spanish Revival style built in a rectangle, with a four story hip roof, central pavilion, two-story porticos with fluted Doric columns, and balustrade and enclosed porches. Decorative touches include the stucco surfacing, parapet roof and canales. The metal marquee is a later addition, and there is a newer motel wing on the west side of the property. Longtime owners Martin and Sylvia Weinblatt received $2.25 million for their hotel when they sold it in 1987 to Jersey City developers Karim Ahmed Elsaid and Gomaa Elsaid, who filed for bankruptcy protection the next year. The Metropolitan is currently owned by a group of Morristown investors called 309 Corp., who purchased the property for $150000 in 1993 (from a group that acquired it from a bank for $10150 earlier that year). 309 Corp had planned to open the 38-room hotel annex to people who needed housing in Asbury Park while they sought financing, but