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.
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