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Historic Hotel Chelsea Up For Sale

NEW YORK (AP/1010 WINS/CBS 2) -- New York City's legendary Hotel Chelsea is for sale.

LISTEN: 1010 WINS' Carol D'Auria reports

Hotel Chelsea
FILE - In this Oct. 12, 1978 file photo, attendants carry the body of 20-year-old Nancy Spungen, of Philadelphia, from the Hotel Chelsea in New York, allegedly stabbed to death by her boyfriend, The Sex Pistols' Sid Vicious. (AP Photo/Hal Goldenberg, File)

The 1883 building has offered short and long-term shelter for some of the world's most celebrated artists including Bob Dylan, Andy Warhol, Arthur Miller and Eugene O'Neil.

It's also where The Sex Pistols' Sid Vicious allegedly stabbed his girlfriend to death in 1978.

The building, with its signature wrought iron balconies, was declared a landmark in 1966 and a city cultural preservation site and historic building of note.

It was the city's first cooperative apartment complex when it was built.

The building's board announced its intent to sell it on Tuesday. The board says it hopes "a new owner would re-energize and revitalize the Chelsea.''

It's been owned and operated for more than 65 years by the same controlling families.

(Copyright 2010 by The Associated Press.  All Rights Reserved.)

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