Disgraced hotel CEO sells condo
June 18, 2008 03:06PM
By Adam Pincus
Edward Sheetz
The disgraced former president and CEO of Morgans Hotel Group, Walter Edward Sheetz, sold an apartment for $8.7 million, three months after buying a Soho condo for $10 million, according to property records posted today.
Sheetz sold the apartment at 81 Spring Street to Robert Goergen Jr., a vice president at Blyth Inc., a Greenwich-based marketer of candles, home fragrance and home decor. Sheetz purchased the apartment for $6.7 million in November, 2006.
Sheetz bought his Soho apartment at 20 Greene Street in March.
He resigned in September from Morgans after a 24-year-old woman was found dead in Sheetz's Las Vegas apartment of a drug overdose.
A real estate investor in both New York and Las Vegas, Sheetz founded NorthStar Capital Investment Group in 1997. Before his resignation he had planned to upgrade and expand Morgans hotels.
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Comments
Anonymous
Who is writing these articles?? How can you say 81 Spring is in the Village!?! It's Soho jackass!
Comment #1 Posted By: Anonymous 06/18/08
Anonymous
the only disgrace is the way these articles are cranked out. I mean why do you have to slam the guy? Real deal is Real *itchy.
Comment #2 Posted By: Anonymous 06/18/08
Anonymous
Looks like they fixed it. Good for them. As for comment #1...huh???
Comment #3 Posted By: Anonymous 06/18/08
Anonymous
Who is reading these articles ?? It does not say 81 Spring is in the village - it says the purchaser was Greenwich based - CT Maybe ? JACKASS - Learn to read
Comment #4 Posted By: Anonymous 06/18/08
Anonymous
Who was the 24-year old dead girl? His daughter? His mistress? A prostitute?
Comment #5 Posted By: Anonymous 06/19/08
Anonymous
She's dead, that's all that matters
Comment #6 Posted By: Anonymous 06/27/08
Anonymous
this article disgusts me, why shold we have to read abut this creton?
Comment #7 Posted By: Anonymous 06/28/08