Is Andre Balazs Buying The Chelsea Hotel?

01/10/2011 03:21 pm ET | Updated May 25, 2011

Andre Balazs is eyeing the fabled Chelsea Hotel. Spies at the 250-room property with a history of housing New York's artistic and eccentric set spotted Balazs, who owns the hip Standard chain, poking around the lobby Wednesday before meeting with management for hours. Balazs then headed to the Chelsea Room under the hotel for drinks with a young female companion.


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