Exclusive | Brunei Sultan in talks to buy Pierre iconic hotel of NYC: Resources

Brunei’s sultan is in talks to buy New York’s Pierre Pierre Hotel – where the Secretary of Trade Howard Lutnick owns a stunning Triplex roof apartment, the post has learned.

Hasanal Bolkiah, who is both the Sultan and the Prime Minister of the Little Kingdom in Southeast Asia, is partnership with Essam Khashoggi, brother of the late Saudi weapons trader, Adnan Khashoggi, according to a source close to the situation.

Khashoggi is the uncle of the late Washington journalist Jamal Khashoggi, who was massacred inside the Saudi Consulate in Turkey in 2018.

Hotel with a reference point in 795 ave. Ave. Viewing from the central park that was launched last year-has been the favorite of the List A and Titans of the industry since it opened its glorious doors in 1930.

The sale of 189 hotel rooms, retail space and restaurants is complicated and far from an agreement made, a source closes with the situation told the post.

The sultan is a “strong contender, but there are others,” the source said.

Neo-Georgian architecture dressed in 41-storey limestone, designed after Versailles-also has about 80 co-ops.

The sale can be for the entire property, which is estimated at about $ 2 billion, the source said.

The deal may include some of the co-op, or all of them.

“At this point, no one is sure how he will play, but he is going to one of those directions,” the source said.

The post arrived at the Office of Prime Minister of Brunei, his New York mission and his DC embassy for comment.

Shareholders own the property and have rented Pierre in Taj Hotels based in India Resorts and buildings since 2005.

While Lutnick is a shareholder, he is not a board member, the sources told the post.

Lutnick and his wife, Allison, bought Pierre Penthouse Triplex, The Crown Jewel of the building in 2017 for $ 44 million – which was $ 81 million away from its original price required. 12,000 Skypad with square foot first hit the market in 2013 for $ 125 million.

Coupleifti never lived in the building, according to sources ..

Newmark Group Broker, led by Doug Harmon, co -director of capital markets for the firm, is advising to sell Pierre, sources for The Post said.

Harmon recently led the Newmark team that sold Pierre neighbor, 800 Fifth Ave., a 33-storey luxury apartment building, in the Naphtali group for about $ 820 million earlier this year.

The main harmony deals include Peter Cooper Stuyvesant Town for $ 5.45 billion and Starrett City for $ 905 million.

Harmon refused to comment on the Pierre deal.

Lutnick was the largest individual shareholder of the Newmark Group.

Newmark, who is now a publicly traded company, is a spin-off of her former parent-partner company, and a majority of the BGC Partners voting power is held by Cantor Fitzgerald.

Lutnick led Wall Street financial services for three decades, tragically losing his brother at the World Trade Center during the 9/11 terrorist attacks.

Last month, Lutnick delivered the reins to his children “who are in the learning position” while serving in the Trump administration, reported Wall Street Journal.

Cantor Fitzgerald did not return the requests for comment.

Sources told the post that anyone who buys the hotel will determine the fat of co-op owners who will have to approve the agreement.

The new owner could close the hotel and extract owners of co-op for a period of time-or forever.

“All will be distributed in washing. But nothing will happen without shareholders voting for it,” the source said.

If co-op owners are stuck for a wide renovation, they can pass five years before returning, sources say.

It took Chinese governor owned by Waldorf Astoria Hotel eight years long to renovate. The hotel is finally planning to reopen this September after many delays.

“Everyone is scared and no one is talking,” said another source, referring to the owners of the co-op.

However, inside he added that while some owners do not want to leave, the compensation they will receive will be worth it.

“Whatever the rift, it will be worth it,” the source said.

Pierre has always been associated with shine and sophistication.

Coco Chanel stayed here during her first Big Apple visit in 1932. Sophia Loren also enjoyed staying at the hotel.

Other stars who called Pierre’s house included Audrey Hepburn, who celebrated her 1954 Oscar for “Roman Holiday” at the hotel. In addition, Elizabeth Taylor apartment owner married Eddie Fisher there in 1959.

Visitors over the years have included Barbra Streisand, Joan Collins, Yves Saint Laurent and Karl Lagerfeld.

The iconic site has also been in films like “Oceans Tight”, where Anne Hathaway’s character controls to prepare for Met Gala.

John Paul Getty, the founder of Getty Oil, bought Pierre in 1938, was reported to call him “his asset on the ground”.

He turned part of the hotel in co-op.

Today, other high-profile co-ordination owners include Tory Burch fashion designer, Shari Redstone media heirs, Art Garfunkel musician and former Disney Michael Eisner chief.