The Pierre is a luxury hotel located at 2 East 61st Street at the intersection of Fifth Avenue in Manhattan, New York City, facing Central Park. The hotel, which was designed by Schultze & Weaver, opened in 1930, and was later acquired by Taj Hotels Resorts and Palaces of India. Standing 525.01 feet (160.02 m) tall, it is located within the Upper East Side Historic District as designated in 1981 by the New York City Landmarks Preservation Commission.The board of directors has turned-down two would-be buyers.The penthouse returned to the market in March 2013 for an asking price of $125 million. The price was adjusted to $95 million later that year.