HOTEL COMMODORE.

Another illustrated view - this one romanticizes Gotham just a bit, with sleek planes flying above, a strange thin skyscraper on the center left, a gigantic circulatory organ surrounding the hostel, and a tiny munchkin skyscraper village on the lower left. Aside from that, it's utterly accurate.

Wikipedia:

The structure itself was developed as part of Terminal City, a complex of palatial hotels and offices connected to Grand Central Terminal and all owned by The New York State Realty and Terminal Company a division of The New York Central Railroad.

The Commodore was named after "Commodore" Cornelius Vanderbilt, the founder of The New York Central Railroad System, whose Statue adorns The Grand Central Driveway next door to the hotel to this day.