We thought it was rather odd that Joseph Chetrit’s Chelsea Dynasty Corp., who had said that they were going to start renovating the hotel immediately had not filed for any permits with the DOB. Finally they got their act together and filed an application, and guess what we found: surprise, surprise David Elder may still be involved in the Chelsea Hotel! He is listed on the permit application as a vice president of the Chelsea Dynasty Corp.!
Well, that explains the conversation I had with Elder last week. I asked him if, now that the Chelsea was sold, he was going to take his millions and go back to California. “No,” he said, “I think I’ll stay in New York for a while. It’s really cool here.” I guess so, when you can sale a company and still remain vice president.
Questions remain, such as: does this have any bearing on the curious fact that Marlene Krauss and David Elder allegedly turned down David Bard’s reputed offer of 80 million in favor of Joseph Chetrit’s 77 million? Could it be that Marlene Krauss and David Elder reserved shares in the new company for themselves?
And was David Elder the one who thought up the Chinese Restaurant inspired name of the Chelsea Dynasty?
Or, is Elder’s listing as a vice-president simply a mistake on the part of DOB? (Click the image to view it full scale.)