It looks like, while you were sleeping, Vikram Chatwal bought the Covenant House building right behind your Maritime Hotel. Now, come 2008 or so, you won’t have the only nautical-themed hotel in New York, or even in the meat packing district for that matter. This has got to hurt, as there must be a very limited demand for high-priced hotel rooms with portholes for windows.
At least for now you seem to be controlling the Bohemian hotel market, but did you know that Stanley Bard owns the building right behind the Chelsea. Maybe he’ll paint it red and open a competing Chelsea Hotel on 22nd Street. Better watch your back, BD. – Ed Hamilton
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