Scheetz mulls retail, bar, artist lofts for Hotel Chelsea

New York /
Oct.October 31, 2013 03:31 PM

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.

“We want a community that is diverse — socioeconomically, age, everything,” Scheetz told the New Yorker. “We want young people that don’t have a lot of money to be able to experience it and interact with somebody who may have the greatest suite in the hotel.”

Scheetz recently settled a lawsuit with the building’s tenants association, which sued his former partners the Chetrit Group and David Bistricer over ongoing construction that at times forced water, heat and gas offline.

He told the New Yorker that he plans to preserve and honor the building’s history with the ongoing renovations, and to continue to have a residential component in the building even as the hotel and other community-accessible amenities come online. [New Yorker]Julie Strickland


Related Articles

arrow_forward_ios
Maefield Development's Mark Siffin and 20 Times Square (aka 701 Seventh Avenue) (Getty, Edition Hotels)
Massive loan on Maefield’s 20 Times Square in trouble
Massive loan on Maefield’s 20 Times Square in trouble
From left: 608 Fifth Avenue, 22 North Loop Road, 38 West 36th Street (608 Fifth, Weiss/Manfredi, Morphosis, and Handel Architects, Apartments, Getty)
Top 10 Manhattan loans: Big lending enters deep freeze
Top 10 Manhattan loans: Big lending enters deep freeze
Sonesta Hotels’ John Murray and The Shelburne Hotel (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Affinia, Sonesta)
TRD Pro: Biggest hotel sales of the past year
TRD Pro: Biggest hotel sales of the past year
(Photo Illustration by The Real Deal with Getty)
Pension funds pull back on commercial real estate
Pension funds pull back on commercial real estate
569 Lexington Avenue (Doubletree Metropolitan, Getty)
Lights out: Why more than 10,000 hotel rooms remain closed
Lights out: Why more than 10,000 hotel rooms remain closed
A photo illustration of Ignazio and Maggio Cipriani along with Mr. C Seaport at 33 Peck Slip (Getty, Mr. C Residences, Google Maps)
Korean firm in talks to buy Cipriani hotel in Seaport
Korean firm in talks to buy Cipriani hotel in Seaport
From left: Chartres Lodging co-founders Robert Kline and Maki Bara along with the Muse Hotel at 130 West 46th Street (Google Maps, Chartres Lodging)
Chartres acquires Theater District hotel for $50M
Chartres acquires Theater District hotel for $50M
Barings' Mike Freno and 307 West 37th Street (Barings, Google Maps, Getty)
Watermark sells Garment District hotel for 20% loss
Watermark sells Garment District hotel for 20% loss
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...