What Will Happen to The Buckingham Hotel in NYC?
Where we will never spend a night.
We've often dreamed about staying at the Buckingham Hotel's Martinelli penthouse suite, provided we had the funds, but it looks like our dream may never come true.
The Real Deal reports that this historic NYC hotel has been sold to a UBS investment group for a whopping $60 million. Details are not only scant on the sale but also the future of the hotel.
This place was once owned by Danny Errico, who also used to own the James Chicago and was a founder of the Equinox fitness chain (He sold those off too.) In 2008, he turned over the James Chicago to Denihan Hospitality Group who own a pocketful of hotels like our fave The Surrey and who also serve as the management company for The Buckingham.
Now that Errico has ditched The Buckingham, the Real Deal says the new owners have not commented on their plans for the hotel nor has Denihan Hospitality. For the hotel's sake, which has hosted a variety of famous artists over the years, we hope nothing changes. But in this increasingly tough NYC hotel market, we suppose things will.
On the bright side, for guests, rooms are open this weekend for $199 a night for a studio suite.