What this may herald for the grand old hotel is anybody’s guess. It has been lost on the city’s skyline since the building boom of the 1960s but before that was the marquee structure for those arriving here since its construction in 1929. Kingsett Capital, a large Canadian private equity real estate investment business. will hold 60 percent of the property. KingSett is also a participant in the construction of the “Whole Foods development” at 1860 Bayview and Broadway Ave. in South Bayview, Metro
