Representatives from Hilton, owner of the Waldorf Astoria, will go before the Landmarks Preservation Commission this afternoon in hopes of getting the green-light to renovate the historic building. Read More
The elusive Joseph Chetrit has closed on his $80 million deal to buy the Chelsea Hotel. According to The Real Deal, he and his representatives finalized things at around 5:30 yesterday afternoon, ending speculation that the deal would fall through and that the Chelsea would survive as it always has for the last century or so: as the craziest inn you could imagine, even by New York standards. Read More
Trendy twenty-something travelers who are still hanging on to their college days will love the new, so-edgy-it’s-almost-painful Aloft hotel at 216 Duffield Street in downtown Brooklyn, which had its official opening last night. Read More
A 50,000-square-foot, as-of-right commercial development site smack at the center of three of Manhattan’s most desirable neighborhoods has been acquired for $12.7 million by a hotel developer, brokers told The Observer.
The site at 523-25 Greenwich Street, near TriBeCa, SoHo and the West Village, was sold to Fortuna Realty Hotel SoHo, all but guaranteeing another Read More
We’d all but forgotten that Gary Barnett’s Extell once planned to build a luxury hotel in Hudson Square, just two blocks from the Trump Soho. But the developer has received a $13 million mortgage on the site, according to public records.
On the final day of June 2009, Extell filed plans for a 35-story, 180,000-square-foot Read More
One of the city’s more… interesting… structures, the Cooper Square Hotel in the East Village is now property of Westport Capital Partners, a firm specializing in “opportunistic and distressed real estate investments” as part of a $70.9 million debt restructuring deal.
When the Port Authority announced earlier this month that it was looking for a developer to build a hotel behind Eero Saarinen’s iconic Terminal 5, The Observer was skeptical, to say the least. Efforts to revive the building after TWA went bankrupt and moved out a decade ago have floundered, and it seemed unlikely Read More
Brace yourselves for months of “in bed” jokes. After much whispering, the Virgin Group is finally launching its new hotel chain and New York is definitely on the list.
“I’ve had great fun turning quite a lot of different industries on their heads and making sure those industries would never be the same because Virgin Read More
A hotel chain has purchased the hip, but troubled W Hotel in Union Square for well below the price it fetched at the height of the market.
Host Hotels and Resorts, based in Bethesda, Md., has purchased the hipster vacation paradise for $185.2 million, city records show.
The W features a two-story Mediterranean restaurant with Read More