By Jen Doll – The Village Voice
?It’s the end of an era. The Hotel Chelsea, which opened in 1884 — where Sid Vicious may or may not have killed Nancy Spungen, Andy Warhol directed Chelsea Girls, and the names of residents frequently read like a who’s who of ’60s counterculture — is now up for sale, reports the Wall Street Journal.
The hotel’s 15 shareholders (led by three families whose Hungarian immigrant ancestors bought the West 23rd Street hotel 65 years ago) have decided to sell the 200,000 square foot building after determining that modernizing would be too challenging and run into the millions. A hotel spokesman told ABC News that the building’s upkeep “required a $2 million to $3 million investment in recent years to renovate 25 rooms and the lobby.” [Read More]