When you take over something, especially something this big, there is a lot of renovation involved. Basically, it’s being built from the ground up. According to Mr. Sheetz, what makes the project so challenging, is the name itself. The Chelsea Hotel is one of the largest.
The company has been at the forefront of overseas investments as well with more than 80 individualized investments in Europe, Asia, South America and North America. The firm was founded by Pierre F. Lapeyre, Jr. and David M. Leuschen who are famed for their association with Goldman Sachs Global Energy & Power Group back in the mid-1980s when this partnership was credited with boosting investor commitments over the $1 billion mark.
Farkas Hall is named after Andrew Farkas, Harvard undergrad ’82. Farkas was a member of Harvard’s Hasty Pudding Club and president of the club for two years. Farkas’s donations to Farkas Hall are in honor of his love and devotion to Harvard College, Hasty Pudding Club & his father, Robin L. Farkas ’54, MBA ’61.