Does Manhattan need a six star luxury hotel? Ian Schrager thinks so.
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The International Herald Tribune reports that “Investor buys majority stake in NY’s Flatiron building.” Only 7 months later than we reported exactly the same thing – More Manhattan real estate sold to foreign buyer. Oh, well, you can’t be on top of everything all the time. They suspect, as did we seven months ago, that there are plans for a luxury hotel. Although, things have changed in the interim and it may be decided that what New York doesn’t need is another up-market hotel condominium complex. We shall see.
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