The Hotel Elysee in New York City was sold for $55 million, or $533,980 per room.
The 103-room hotel was sold to its current operators Richard Born, Ira Rukier and Henry Kallan. The sale is subject to the terms of its three owners' existing lease, which is valid through May 2041.
The hotel was last purchased by Mayer Quain in 1937 after it filed for bankruptcy.
External Source : New York Post