Forgotten But Not Gone: Does David Elder Still Have Skin in the Chelsea Hotel Game?

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.)
 

August 18, 2011 in Bard Family Ousted | Permalink | Comments (4) | TrackBack (0)

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August 11, 2011

Chelsea Hotel Lobby Desecrated for Fun & Profit

August 11, 2011 in Bard Family Ousted | Permalink | Comments (13) | TrackBack (0)

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August 10, 2011

Chetrit's Chelsea Hotel Partner has over 8,000 Housing Violations on One Property

Once again, Tom Acitelli at the Observer puts the spotlight on Chetrit's Chelsea Hotel business partner, Clipper Equities.  "David Bistricer, one of Clipper’s principals, has a checkered past as a residential landlord, with several—and we mean several—housing violations to his name."  One of Bistricer's properties in Brooklyn has over 8,000 housing violations.   Here's some insight into how he get's away with those violations.  Oh, and he also doesn't like it when the olds decide to party in the halls.