Hotel operator Shimmie Horn inked a 40-year renewal lease valued at $33 million for the landmarked Hotel Belleclaire at 250 West 77th Street on the Upper West Side.

The lease, with property owner Lophijo Realty, was signed Sept. 21 and filed with the city on Tuesday, property records show.

Horn has operated a 242-room hotel at the highly-ornamented Emery Roth-designed building, at Broadway, since he first signed a lease in 1999. The new agreement extends the lease, which was set to expire this year, to June 2051. Included in the lease is an option to purchase the building, which can be exercised between 2026 and 2051, property records show. [more]