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]

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]

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]

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]

From left: Ed Scheetz and Ben Pundole of King & Grove Hotels and the Tides HotelWith 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]