Famed Algonquin Hotel getting new owners?

June 2, 2011 4:50:23 AM PDT
The famed Algonquin Hotel may be getting new owners, according to the New York Post.

The midtown hotel, built in 1902, is currently run by Norwalk, Connecticut-based HEI, which operates it as a Marriott.

Cornerstone Real Estate Advisers is apparently interested in the property.

The Algonquin had been operating at a deficit, and its $35 million mortgage was on a watch list last year. It has since rebounded along with the city's tourism.

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