He was the grandson of Henry Villard, the American railroad tycoon who commissioned the construction of the Villard Houses in Manhattan.
In 1922, after a three-year search, the Club's directors leased two townhouses on East 50th Street, next to what today is the New York Palace Hotel.
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In the spring of 1974, the developer Harry Helmsley proposed a 55-story hotel for the site of the Villard Houses called The Helmsley Palace Hotel.