Just last week, the Journal reported that a group of investors led by Steven Kantor was likely to pay $400M+ for the Standard Hotel, but word from the Standard's creator himself, Andre Balazs, says that's not the case. Balazs says Kantor was never involved in the deal, and the hotel will be selling to Standard International, the company that runs all five of Balazs' Standard Hotels. The hotelier confirmed the sale price of $400 million, or $1.2 million per room. [TRD; previously]
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