The boutique hotel, which is located at 100 Orchard Street, is owned by Randy Settenbrino and has been for sale off-and-on for several years, according to the Lo-Down. Last year, the hotel was asking $19 million.
In a press release, Century Capital’s president, David Hecht, said: “Manhattan is a marketplace in which we have always shown great interest, but had not yet found the right opportunity. ”
Blue Moon, which offers 22 period-specific rooms, plans to use the cash for “minor renovations and interior design updates to reflect the historic style and discerning tastes that its location dictates.” [Lo-Down] –Christopher Cameron