The holdout tenants of the Chelsea Hotel, who are fighting for rent-stabilized rooms, are now taking legal action. The lawsuit is a last-ditch effort to cement the property’s status as an apartment building for permanent residents, the New York Post reported. Five residents have rent-stabilized leases at the landmark building, which BD Hotels’ Ira Drukier and Richard Born have been redeveloping into a high-end hotel and condo with a bar and spa. The long-term residents […]
source https://therealdeal.com/2019/01/23/developers-of-chelsea-hotel-project-hit-with-suit-from-holdout-tenants/
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