This property has seen quite a few name changes over the past 30 years or so that it has been around. It was first the Adayar Gate Hotel, then the Adayar Park; after its management was taken over by the Welcomgroup, it became Park Sheraton. Now, with ITC's brand building effort, it is the ITC Hotel Park Sheraton and Towers.
If we conveniently ignore all the dance floors in various old world hotels and clubs of the city, Park Sheraton can claim to have brought the discotheque into the Madras of the late 1970s. The Gatsby was a major USP of the hotel when it opened and the name had enough recall value for it to be reintroduced as Gatsby 2000 in the late 1990s.
The Gatsby is not this hotel's only connection to New York. What is today known as the Park Central Hotel was, between the 1950s and the 1980s, known as the Park Sheraton New York!