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]

Manhattan hotelier Shimmie Horn, whose former family business Correctional Services Corporation (note: correction appended) ended up at the center of a lawmaker-bribery scandal in 2003, could make heaps in taxpayer money if the city opts to turn four warehouses purchased by Horn into city shelters, the New York Post reported.

If the arrangement is cemented, the Department of Homeless Services would pay $6 million each year to non-profit organizations to operate rehabilitation centers, and in return, providers would pay out rental checks worth millions to providers such as Horn’s management company.

Horn would most likely supply four shelters. He bought the properties, in Greenpoint, Ocean Hill and East New York, recently for $12 million, according to city records. [more]

A Manhattan-based social services provider, the Bowery Residents’ Committee, is pitching a proposal to turn a four-story Greenpoint building at 400 McGuinness Boulevard into a men’s homeless shelter, according to the Brooklyn Paper. The plan to turn the building into a 200-bed homeless facility is nearly identical to one submitted by Help USA last August, which was abandoned after seven months of public outcry from the community. The building has been an epicenter of controversy in the community, recently drawing ire from residents when new owner Shimme Horn, a Manhattan hotelier, announced plans to turn it into a halfway house for recently released felons. [more]

Greenpoint’s Community Board 1 is riled over a new plan to turn a $4 million loft building at 400 McGuinness Boulevard into a halfway house for convicted felons, according to the Brooklyn Paper. The building, which was originally slated to become a homeless shelter, was bought by hotelier Shimmie Horn, who owns Midtown’s Iroquois New York and Washington Jefferson Hotel. Horn, who also operates a Florida-based post-prison facilities company, bought out the Greenpoint building’s remaining tenants for $600,000 and just announced plans to use the property to house recently-released prison inmates. [more]