Skip to main content

New York’s Iconic Chrysler Building Could Become a Luxury Hotel

The Chrysler Building has been an icon of the New York City skyline for more almost 90 years. However, the interior has always been almost entirely off-limits to visitors. That may change thanks to new owners who are teasing they may convert part of the building into a luxury hotel.

For decades, most of the Chrysler Building’s 77 floors have remained occupied by well-to-do companies seeking a prestigious, ultra-exclusive Manhattan street address. Most folks are surprised to learn that the highest floors including the crown are currently used for storage. (For shame!) Outsiders looking to catch a glimpse of the stunning Art Deco building are limited to a quick lobby visit, a few sidewalk photos, or an aerial view from the window seat of their flight into the city.

chrysler building new york city
Chrysler Building in Manhattan. Drew Angerer/Getty Images

The building’s historic status means much of its original design will likely need to remain intact and changes will need to pass an approval process.

Recommended Videos

Now, after a decade in the hands of an Abu Dhabi-based investment firm, the building was sold earlier in March 2019 for a reported $150 million. The new owners told Bloomberg they’re considering converting part of the building — presumably the upper floors — into a luxury hotel. As one of the city’s tallest structures, we can only imagine the view from the top. The transformation won’t be cheap or easy, however. The building’s National Historic Landmark status means much of its original Art Deco design will likely need to remain intact and any changes will need to pass a lengthy and rigorous approval process. Plus, the renovations necessary to turn it into a working hotel could top USD $250 million.

While the Chrysler Building stands as one of New York City’s most recognizable structures, the days of billion-dollar companies using towering skyscrapers as office buildings are waning. Many are now seeking sprawling Silicon Valley-style campuses like the city’s shiny new Hudson Yards project. Considering that the building’s average rent is around $50 per square foot and the fact that it’s losing $20 million annually, it seems it might be better off as a hotel.

Definitive plans for the future of the Chrysler Building have yet to be announced. If the new owners move forward with their grand hotel plan, it will be a few years before visitors get a glimpse inside. When they do, you can bet The Manual will be hosting one hell of a Gatsby-style company Christmas party on the observation deck.

Mike Richard
Mike Richard has traveled the world since 2008. He's kayaked in Antarctica, tracked endangered African wild dogs in South…
These are the most beautiful cities in Europe
These destinations will take your breath away
Annecy France

If you’ve ever been to Europe, you already know how stunning it is. I’ve always been fascinated by Europe, not just for its beauty, but because it’s so different from America. With history that stretches back centuries, walking through European cities feels like stepping into a living museum.

Sure, every city in Europe has its own charm, but some just stand out as truly breathtaking. I reached out to travel experts to hear their picks for the most beautiful cities in Europe, and sprinkled in a few of my personal favorites too. These destinations are some of the best places to travel in Europe, whether you’re planning your next trip or just daydreaming.

Read more
JetBlue will be first to launch Amazon’s Kuiper internet on flights
JetBlue tail

This week, JetBlue announced an agreement with Amazon to bring the company’s Project Kuiper to the skies for even more speed and connectivity. The technology uses an advanced low Earth orbit satellite broadband network, enhancing JetBlue’s existing Fly-Fi wireless offering. 

JetBlue is a Wi-Fi pioneer

Read more
Charlotte airport to get AA Flagship Lounge, more Admirals Clubs
American Airlines Charlotte lounge

American Airlines continues its quest to elevate the customer experience, announcing intentions to build a Flagship Lounge and grow its Admirals Club lounge footprint at Charlotte Douglas International Airport (CLT). The upgrades will bring a considerable increase in lounge space and finally welcome a Flagship lounge to Charlotte. Details and construction timelines will be shared in the future.

The Flagship lounge at CLT will offer a premium experience

Read more