In 2007 Stanley Bard was ousted from his management position at the Chelsea Hotel, which he had held for 50 years. Since then, there have been changes at the hotel that he, as well as long-time residents, is not thrilled with. According to the NY Post, he's still part-owner and is now prepared to buy out the other shareholders at a fair price. He told the paper, "I'm not completely happy with what's happened there... they're not renting to any long-term people no matter who they are." Recently hoteliers Andre Balazs and Ian Schrager have expressed interest in the landmark hotel, and he surprisingly says if they win the bid, he'd be okay with that, noting, "These are good people that understand management and wouldn't force the residents out."
When Bard gave us a tour of the hotel in 2007, he spoke about the residents, telling us the community that had formed there with him was "A Mutual Admiration Society."
