NEW YORK CITY-Ian Schrager, CEO of Ian Schrager Co., took a lookat the Hotel Chelsea, the famed 12-story hotel which is currentlyup for sale. However, the hotel icon passed on purchasing it.


The property was put up for sale for the first time in over 65years in October and has garnered significant attention frominvestors interested in the landmark hotel. The hotel includes 101apartments and 125 hotel rooms and carries close to no debt. Ownersof the hotel are selling the property for $90 million. Forthe full story, go to Crain's New YorkBusiness.

GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.