The Chelsea Hotel is Up For Sale
Wed, 20 Oct 2010 10:39:26
Attention all real estate hounds and New York City history and lore buffs. The Chelsea Hotel, the Big Apple hotel that inspired creative talent from Sir Arthur Clarke to Sid Vicious to Arthur Miller, is up for sale.
The Chelsea Hotel, controlled primarily by three families that have owned it for 65 years, will remain a haven for struggling artists despite changing hands, a hotel spokesman said on Tuesday. "The history itself makes the hotel what it is," said the spokesman, Loren Riegelhaupt.
"Anybody who's going to be looking to buy the Chelsea knows that the Chelsea is the Chelsea, and there's nothing you want to do to change what the Chelsea is," he said, adding that there was no asking price. No asking price? That opens a lot of doors for those who want to "invest" in this historical property. Also, real estate investors can come in and do whatever they want with the property and that includes erecting high-rise condos! I mean, I don't know New York zoning laws, but you get my point.
A partial list of the famous folks who've checked into and signed the guest registry of the Chelsea Hotel ranges from writers such as Clarke, O. Henry and Thomas Wolfe to playwright Arthur Miller to artist Andy Warhol to musicians like Janis Joplin, Jimi Hendrix and Jim Morrison.
The most notorious piece of lore surrounding the hotel occurred in 1978 when The Sex Pistols' Sid Vicious murdered his girlfriend Nancy Spungen at The Chelsea. Also worth nothing is that Bob Dylan, according to his own lyrics, wrote "Sad-Eyed Lady of the Lowlands" there.
The building was erected in 1883 and is located on 23rd Street, between 7th and 8th Avenues. It boasts hotel units and residential units.
Would you buy the Chelsea Hotel if you had the monetary means?