Episode Details

Eurostars just dropped $95 million on the historic Chemists Club Hotel in Midtown, signaling a bold bet on NYC’s rebounding hospitality scene. Once a private chemist’s club with labs and a library, this Beaux-Arts gem is back in Spanish hands — a homecoming after its 2007 sale to Eurostars’ parent company. It’s part of a global trend: Meliá bought the Nomad for $200M, and a French firm nabbed the Tribeca Hilton Garden Inn. Amid rising costs, slower tourism recovery, and record-breaking union pay hikes, this investment proves international players still see long-term potential in New York’s hotels — even if Britney Spears once ran a restaurant there.

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