The legendary developer refused to buy the legendary hotel

The legendary developer refused to buy the legendary hotel
One of the most famous hotels in New York is still without owner

The legendary developer and the legendary hotel cancelled the deal. One of the most famous U.S. hotel developers Ian Schrager refused to buy one of the most famous hotels in New York - Chelsea Hotel. As reported by, Schrager considered the purchase of the legendary hotel, but after inspection of the building was forced to abandon this idea.

The "Chelsea" hotel was put up for sale by its owners in October 2010. It happened for the first time in 65 years. The hotel became famous in the 60-70s of the last century as a center of attraction of outstanding personalities, representing the American underground and rock 'n' roll stars. Among the hotel guests can be found such names as Bob Dylan, Leonard Cohen, Charles Bukowski, Patti Smith and Andy Warhol.

The American press has acquired the information about the cost of the legendary hotel. The owners of “Chelsea” plan to receive from the 12-storey building $90 million. At the same time, official representatives of the owners declined to comment on the price.

According to Ian Schrager, several investors proposed him to acquire the hotel and to create a new hotel on its basis. However, during the examining the author of the concept of "boutique hotels" wasn’t able to imagine what the new «wrapper» for the legend of New York should be like.

It is worth noting that as soon as it became known that Chelsea is put up for sale, many experts in the hotel market of New York suggested Shrager as the new owner. Ability of Schrager to transform hotels American media compared with the Midas touch. Schrager himself assessed the potential of the Chelsea hotel in $600 per night.

To date, Ian Schrager is the head of his own company Ian Schrager Co. Concept of its first hotel he designed in 1984. Since then, Shrager opened dozens of hotels in various parts of the United States, working together with the Marriott and cooperating with leading designers of the world, including the legend of design - the Frenchman Philippe Starck.

Either way, Schrager’s refusal from the purchase of Chelsea is unlikely to embarrass the owners. According to, if the buyer will not be found, the hotel can be loaned to the owners of restaurants and shops.

Date: 08/12/2010

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