Stellar Management Acquires New York Hotel

28th November 2010 (Last Updated November 28th, 2010 18:30)

Stellar Management has acquired the Windermere hotel in New York, US, for $68m. The 374-room hotel will be allocated $10m for planned renovations to convert the property in an attempt to recapture its 1920s atmosphere. New amenities will include wireless internet, a lob

Stellar Management has acquired the Windermere hotel in New York, US, for $68m.

The 374-room hotel will be allocated $10m for planned renovations to convert the property in an attempt to recapture its 1920s atmosphere.

New amenities will include wireless internet, a lobby lounge, a gym and a roof deck.

The 23-storey Windermere had been owned by the Zarucki family since 1973.

N-Plus Architecture and Design and RSVP Architecture Studio will design the overhaul, according to Bloomberg.com.