Charity Makes Money From Renting Ballroom

By Caroline Preston

The Prince George Hotel was a dilapidated eyesore when a New York housing charity took it over in the mid-1990s. Now the refurbished hotel provides low-cost homes to more than 400 poor people with AIDS. It's also become an important source of income for its owner.

The hotel's 4,800-square-foot ballroom, with its herringbone oak floor, marble mantelpiece, and richly ornamented ceiling, plays host to more than 125 events each year.

Common Ground, the