The renowned Garden City Hotel, owned by the Nelkin family, is under contract to be sold to Fortuna Realty Group’s Morris Moinian, sources said.
The 272-room, nine-story hotel sits on 8.5 acres of manicured grounds in the posh Long Island community. It is topped by a distinctive clock tower and boasts a popular and extensive catering and event space.
No price was disclosed. The hotel had been marketed in 2008, but a deal for nearly $100 million was never completed. Moinian did not return a call for comment.
The hotel, where high society, diplomats and celebrities have long hobnobbed, opened in 1874 and has been refurbished several times, most recently in 1983 by the late Myron Nelkin. His daughter, Cathy Nelkin Miller, is the current president of the hotel, which is now a member of Preferred Hotels & Resorts.
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