The Pierre Hotel
The Pierre Hotel is a 41-storey luxury
hotel located on
Fifth Avenue and 61st Street, bordering the east side of
Central Park,
New York City. It is owned by the
Taj Hotels Group, which represents 5-star luxury hotels and resorts around the world.
The hotel consists of 201 rooms, 40 suites, and 12 grand suites.
The Pierre is a
Georgian-style complex that was opened in 1930 by
Charles Pierre Casalasco. After suffering from bankruptcy, it was subsequently passed through a series of owners, finally ending up under the management of the
Four Seasons Hotels and Resorts in 1981.
The Pierre has been owned by a
housing cooperative (co-op) since 1959. There are 76 co-op owners of the Pierre, 30 of which live permanently among the 201 guest rooms in the hotel.
A co-op at the Pierre was placed on the market in 2003, selling for $70 million [
1]. This 11,000 square-foot apartment occupies the top three floors of the hotel. It features five bedrooms, four terraces, a paneled library, wine cellar, and a black marble staircase. The co-op also contains a ballroom with 23-foot high ceilings. It was originally purchased by hedge-fund manager
Martin Zweig, from publishing heiress
Lady Mary Fairfax in 1999 for $21.5 million. With its $70 million pricetag, the co-op is currently listed in
Forbes Magazine as the second-most expensive home in the Northeastern United States in 2006.[
2]
Famous guests include:
Jacqueline Kennedy,
Mikhail Gorbachev,
Cary Grant,
Richard Nixon, and
Frank Sinatra.
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Wired New York Forum*
Taj Pierre in Manhattan*
Leading Hotels of the World - Pierre Hotel*
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