The Real Deal New York

Posts Tagged ‘ed scheetz’

  • From left: Hotel Chelsea, El Quijote and Ed Scheetz

    From left: Hotel Chelsea, El Quijote and Ed Scheetz

    The storied El Quijote restaurant is staying put following its sale to the Hotel Chelsea’s owner. [more]

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  • chelsea-hotel

    222 West 23rd Street (Inset: Ed Scheetz)

    High-end hotelier Ed Scheetz has renamed his King & Grove chain after the Hotel Chelsea, rebranding his properties as Chelsea Hotels. [more]

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  • From left: Joseph Chetrit, Hotel Chelsea and Ed Scheetz

    From left: Joseph Chetrit, Hotel Chelsea at 222 West 23rd Street and Ed Scheetz

    Hotel Chelsea’s controversial and much-delayed conversion from a mostly rent-stabilized residential building to an upscale boutique hotel was hit with a stop-work order last month, after former owners the Chetrit Group and David Bistricer requested the cancellation of Department of Buildings permits authorizing the work. [more]

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  • Hotel Chelsea 222 West 23rd Street and Ed Scheetz (inset)

    Hotel Chelsea 222 West 23rd Street and Ed Scheetz (inset)

    About 29 units in Ed Scheetz’s Hotel Chelsea will get just under five months of free rent while the historic building undergoes a renovation, according to a lawyer for the building’s tenants’ association. [more]

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  • 222 West 23rd Street and Ed Scheetz (inset)

    222 West 23rd Street and Ed Scheetz (inset)

    King & Grove’s Ed Scheetz, the new full owner of the Hotel Chelsea, has a vision for opening the historic property up to the public with a basement-level shopping gallery and bar, artists-in-residence program, and small “artists’ loft” bedrooms priced at $200 per night next to rooms for $1,000 per night. [more]

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  • 222 West 23rd Street and King & Grove's Ed Scheetz

    222 West 23rd Street and King & Grove’s Ed Scheetz

    The tenant evictions at Hotel Chelsea show no signs of letting up, even though Joseph Chetrit and David Bistricer no longer have an ownership stake in the historic property at 222 West 23rd Street. King & Grove, led by CEO Ed Scheetz, bought out Chetrit and Bistricer’s interest last month, and has moved forward with evictions against tenants of an eight-unit brownstone known as the Townhouse. [more]

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  • A rendering of the proposed restoration of the Hotel Chelsea

    A rendering of the proposed restoration of the Hotel Chelsea

    The split between the Chetrit Group, one of New York City’s most powerful real estate families, and boutique hotel brand King & Grove goes much deeper than a deal to transfer the Hotel Chelsea, The Real Deal has learned. [more]

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  • 222 West 23rd Street and King & Grove's Ed Scheetz

    222 West 23rd Street and King & Grove’s Ed Scheetz

    The historic Hotel Chelsea has changed hands yet again. [more]

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  • Ed Scheetz, the former CEO of Morgan Hotel Group, is now heading up King & Grove

    From the May issue:  Walter “Ed” Scheetz might be one of the biggest New York City hotel players that you’ve never heard of — but that could soon change.

    Having cut his teeth at Apollo Real Estate Advisors and then working with famed hotelier Ian Schrager, Scheetz disappeared from the city’s hotel-and-nightlife scene for several years. Now, in what could be a storied second act, he’s quietly reemerged and is partnering with the head of a major real estate family: Joseph Chetrit. [more]

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  • From left: Ed Scheetz, Steven Kamali and the Surf Lodge

    The saga of the Surf Lodge has generated countless recent headlines, between its hundreds of municipal code citations and a sale to a technology entrepreneur earlier this year. But now, the former owners are blaming a minority investor that allegedly opened a competing restaurant for some of the property’s financial strife.

    The former owners have accused King & Grove hotels, the Manhattan-based boutique chain, of mismanaging and misappropriating funds from the Montauk hotspot before launching a rival hotel-restaurant called Ruschmeyer’s. [more]

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  • From left: Ed Scheetz, Ben Pundole and Joseph Chetrit (credit: DNAinfo)

    Just as hotel brand King & Grove is gaining momentum, Ben Pundole, who founded the brand along with his former Morgans Hotel Group boss Ed Scheetz, has resigned. According to the New York Post, Pundole quit when he realized promises from Scheetz and major stakeholder Joseph Chetrit to turn over at least partial control of the company to him would never materialize. [more]

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  • Ed Scheetz, Ben Pundole and Hotel Chelsea

    The Chetrit Group selected the same King & Grove Hotels brand they infused with cash last year to manage the Hotel Chelsea, Hotel Chatter reported.

    King & Grove, a boutique hotel brand first launched in the Hamptons by former Morgans Hotel executives Ed Scheetz and Ben Pundole, also agreed to purchase Hotel Williamsburg, The Real Deal reported yesterday. [more]

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    From left: Ed Scheetz and Ben Pundole of King & Grove Hotels and the Tides Hotel
    With funding from the Chetrit Group, two former Morgans Hotel executives are taking over a South Beach hotel, Hotel Chatter reported.

    King & Grove Hotels, a boutique hotel brand founded by the former CEO of Morgans, Ed Scheetz, and Ben Pundole, Morgans’ former director of entertainment, took over the Tides Hotel on Ocean Drive in South Beach. The LLC that took over the hotel, named CG Tides, is headed by Joseph Chetrit. … [more]

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