Check Into a Penthouse at the Lowell Hotel, for $300,000 a Month

A three-bedroom penthouse at the Lowell hotel in Manhattan is hitting the rental market for $300,000 per month, according to listing agent Therese Bateman of Brown Harris Stevens. The six-room suite measures about 2,900 square feet with four private terraces, Ms. Bateman said. Located on the 17th floor of the 63rd Street hotel, the penthouse was renovated by interior designer Michael Smith in 2005. It has a living room with a wood-burning fireplace, a dining room and a kitchen, which is crucial for long-term stays, Ms. Bateman said. “Sometimes you want to be able to make a bowl of pasta,” she said. The penthouse is fully furnished, including an Apple desktop computer and five telephones, but renters could work with the hotel to customize the décor or bring in some of their own furniture, said Amie Buchanan, Director of Sales and Marketing at the Lowell. The monthly rent includes wireless internet, twice-daily turndown service, dog-walking, and packing and unpacking services, Ms. Buchanan said. Renters would also have access to hotel amenities such as room service (which includes a pet menu), laundry and dry-cleaning. The penthouse can be rented on a month-to-month basis, Ms. Bateman said. When not leased, it will remain available to hotel guests at the regular rate of $14,000 per night. The penthouse has been booked for extended stays in the past, but this is the first time it’s been listed with a real-estate firm, said Ms. Buchanan. Due to its location and the fact that many of its rooms have kitchens and fireplaces, the Lowell has a number of long-term guests, she said. “For many, it’s their pied-à-terre in New York City,” she said. The hotel’s sales department previously handled requests for extended stays, but decided to partner with Brown Harris Stevens to help with the volume of requests. The hotel, with 27 rooms and 47 suites, was built in 1927. The current owners, the Chartouni family, bought it in the 1980s, Ms. Buchanan said.

This article originally appeared in The Wall Street Journal.