Lanterra Developments, the new owner, is asking Mr. Bacon and another 23 tenants to vacate the Sutton Place Hotel for three years while it redevelops.

WSJ: A 102-Year-Old Condo-Boom Victim

Cool kids stay at the luxurious Sutton Place Hotel for the condo-style rooms with gas fireplaces, the outdoor, year-round pool and hot tubs, and the fitness studio offering yoga sessions.

CNN: Best new mountain resorts

The company plans to add nine floors to the Sutton Place and remodel it in the style of a British boutique hotel, calling it The Brit.

WSJ: A 102-Year-Old Condo-Boom Victim