New Hotel Both ‘Literary and Liquored Up!’

Lost City, a blog chronicling the carnage wrought by New York’s "ruthless real estate market," has nothing but praise for the planned redevelopment of midtown’s Donnell library.

A deal between the New York Public Library and multinational corporation Orient-Express Hotels Ltd., as reported by the Times yesterday, promises to create "the most unusual, freakiest, mostly utterly New Yorky hotel in Gotham," according to the blog.

Under the deal, Orient-Express will buy the property for $59 million but — holy historic preservation! — the company "isn’t going to demolish the library, as you might expect." Instead, "the branch will own and occupy space on the first floor and underground of the coming 11-story hotel."

Ever better — this new hotel/library hybrid will connect to the old ’21′ club, which Orient-Express also owns.

"A low-rise hotel with a bonafied library in the basement and secret passageways to a former speakeasy. It’s literary and liquored up! It’s New York City in a neat little ball."