Lambs Theater to close curtains for good

NEW YORK, Dec. 31 (UPI) -- New York's historic Lambs Theater is set to undergo a transformation into a five-star hotel next year after several decades as a key hangout for actors.

While the facility's popularity has waned since it was the key venue for famed actors such as John Wayne and Fred Astaire, former members of its Lambs Club talked about the renovations planned for 2007, the New York Post reported.

"It really is heartbreaking," club historian Lewis Hardee said of the change. "It's such a historic place."

Since being founded in the 1800s, the New York theater grew from its Lambs Club roots, and peaked during the careers of actors Spencer Tracy and Gene Autry into the featured venue of the Lambs Theater Company.

Other frequent guests to the famed locale included TV host Ed Sullivan and famed composer George Gershwin, who relished the club's food, cigars and featured shows.

The newspaper said the 350-seat theater will undergo a massive transformation and eventually become the site for a 99-room boutique hotel.