the New York Supreme Court's Appellate Division granted a stay of proceedings in late 1993, blocking the arbitration proceedings. The Pritzkers countersued in March 1994, alleging that Trump had violated their partnership by failing to remain solvent, using his share as collateral for loans, and refusing to fund his portion of the renovation. The Pritzkers also sued Bankers Trust and Chemical Bank, claiming that Trump had diluted the partnership by conveying his financial interest to his lenders while retaining veto power. Trump and the Pritzkers ultimately agreed to a settlement in mid-1995. Trump and Hyatt announced in March 1996 that they would renovate the hotel for $25 million. Hughes Design Associates designed the renovation, which included updated furnishings and a new fitness center. The hotel continued to undergo renovations through mid-1997. Pritzker family control The Pritzkers bought Trump's share in the hotel for $140 million in October 1996, which lifted the non-compete clause against the UN Plaza. Following the acquisition, Hyatt owned a 99 percent stake in the hotel, while the Pritzker Family Philanthropic Fund owned the remaining share. By the early 2000s, the hotel's lobby was a popular place for informal meetings. Hyatt agreed to replace the hotel's cooling system in 2003 after over a thousand workers went on strike. The Metropolitan Transportation Authority (MTA), which operated Grand Central, repaired a steam room under the Grand Hyatt in 2005; the steam room supplied the terminal and had partially collapsed during the preceding decade. By 2007, the Grand Hyatt was the fourth-most valuable hotel in New York City, having been appraised at $300.9 million. Hyatt announced in mid-2009 that it would spend $12 million renovating the Empire Ballroom. The next year, Hyatt commenced a wider-ranging renovation of the hotel for $130 million. The hotel remained open during the renovation, and only a few floors were closed at any given time. Carol and Paul Bentel of the firm Bentel & Bentel were hired to renovate the public spaces, while Looney & Associates redesigned most of the suites and rooms. During the renovation, a restaurant called New York Central opened next to the hotel's lobby in late 2010. In addition, Hyatt added the Market, a food market where customers could select what they wanted instead of waiting for room service. At the time, only about 50 daily guests ordered room service, while other guests chose to leave the hotel to eat. After