Icon Realty Acquires the Chelsea Pines Inn
A New York-based management and investment company, Icon Realty Management owns and manages over 1,800 apartment units throughout Manhattan. In June of 2016, Icon Realty confirmed the purchase of the boutique hotel Chelsea Pines Inn for $13.75 million.
The five-story bed and breakfast bordering Chelsea and Greenwich Village was originally built as a private home in the 1850s, but has gone through numerous changes and facelifts since that time. It was once a boarding house for families, then it was a home base to sailors at the turn of the 20th century when the area was used as a port. The building is perhaps best known as the setting for Cool Air, a 1928 short story by horror fiction author H.P. Lovecraft. It was purchased by the late Sheldon Post in 1983 and transformed into the Chelsea Pines Inn.
Today the hotel features unique standard and deluxe rooms as well as one-bedroom suites, which are complete with a living room, wet bar, and refrigerator. Each room is dedicated to a Hollywood icon, and all are decorated with original movie posters from Hollywood’s Golden Age.