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Hilco Fixed Asset Recovery to Liquidate FF&E for NYC’s Hotel Wales

Date: Dec 23, 2019 @ 08:00 AM
Filed Under: Industry News

Hilco Fixed Asset Recovery (HFAR) has been engaged to liquidate all the fixtures, furniture, and equipment (FF&E) from the historic Hotel Wales which will be closing its doors on December 31, 2019 for a major remodeling of the Upper East Side establishment located in the prestigious Carnegie Hill neighborhood of Manhattan.

On Jan 3, 2020 Hilco will host several days of private - invitation only - sales for architectural salvage companies, antique dealers, interior designers, prior hotel patrons, hotel furniture buyers, and other boutique hotels to sell the FF&E.  Following the private events which will end on January 6th, the sale of the remaining FF&E will then be opened up to the public starting January 8, 2020. The sale of all FF&E is scheduled to end no later than Jan 30, 2020.

The unique fixture sale will feature many historic and iconic pieces sure to entice collectors and designers alike given the deeply discounted prices.  Built over a century ago, Hotel Wales was formerly known as the Hotel Chastiagneray, a popular stomping ground for flappers, tycoons and returning WWII war heroes. Remnants of the hotels long history include marble-stepped staircase, exquisitely decorated dark wood fireplaces with Beaux-Arts details, and the ornately carved wrought iron banister. 

The 92-room boutique hotel was once considered one of New York City’s most charming places to stay, located just steps from Central Park, the Museum Mile and Madison Avenue’s famous stores.  After four name changes over one hundred years it became the Hotel Wales in 2000. Its earlier names included Hotel Bibo, Hotel Bon Ray, the Carnegie Hill Hotel and the Hotel Wales.

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