flatiron-building

Flatiron to Become Hotel

cityfile · 01/26/09 07:53AM

The Daily News reports that Italian investment group that acquired the Flatiron building is now planning to turn the property into a "world-class hotel." You won't be able to book a room for your out-of-town relatives any time soon, though: The company says the hotel won't open until the building's remaining tenants are bought out, a process that could take up to ten years. [NYDN]

Two NYC Landmarks Change Hands

cityfile · 06/11/08 07:16AM

The two New York buildings that adorn more tourist schlock than any others—the Flatiron building and the Chrysler building—are being bought by tourists, albeit extremely deep-pocketed ones. Italian mogul Valter Mainetti's Sorgente Group is acquiring a majority stake in the Flatiron, while the Abu Dhabi Investment Council is poised to take a 75% stake in the Chrysler for approximately $800 million. Didn't get in your bid in time? Guess you'll have to settle for the statue and 3-D puzzle.