{"id":350640,"date":"2026-09-18T22:52:18","date_gmt":"2026-09-18T22:52:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/350640\/"},"modified":"2026-09-18T22:52:18","modified_gmt":"2026-09-18T22:52:18","slug":"former-disney-ceo-michael-eisner-grabs-10m-nyc-home-after-ditching-the-embattled-pierre-hotel","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/350640\/","title":{"rendered":"Former Disney CEO Michael Eisner grabs $10M NYC home \u2014 after ditching the embattled Pierre hotel"},"content":{"rendered":"

Michael Eisner isn’t waiting around to see how the war at the Pierre ends.<\/p>\n

The former Disney chief, already a two-time owner inside the embattled Fifth Avenue co-op, just closed on a $10 million off-market apartment at the Sherry Netherland hotel, property records show.<\/p>\n

The move puts him a block away from the building where he and dozens of other wealthy shareholders are facing the possibility of losing their homes entirely.<\/p>\n

Eisner and his wife Jane bought unit 25T from the Broad Revocable Trust, tied to the family of the late art collector Eli Broad and his widow Edythe.<\/p>\n

\"Michael<\/p>\n

Michael Eisner, who already owns two apartments at the Pierre, has quietly closed on a $10 million off-market unit at the Sherry Netherland, buying it from the Broad Revocable Trust tied to the family of the late art collector Eli Broad. Getty Images<\/p>\n

\"His<\/p>\n

His new home is inside the Sherry Netherland nearby. Getty Images<\/p>\n

The two-bedroom, 2.5-bath spread runs 2,500 square feet inside the 38-story tower at 781 Fifth Ave., steps from Central Park and known for its white glove service, including attended elevators, daily housekeeping and room service from Harry Cipriani.<\/p>\n

The timing is hard to ignore.<\/p>\n

The Pierre has spent the better part of a year locked in a bitter fight <\/a>over a proposed $2 billion sale that would hand the historic building to Saudi buyer Motasem Khashoggi and put it under the management of the Dorchester Collection, owned by the Sultan of Brunei.<\/p>\n

\"The<\/p>\n

The Pierre is in the middle of a bruising fight over a proposed $2 billion sale to Saudi buyer Motasem Khashoggi and Brunei’s Dorchester Collection, a deal that could force every shareholder out if two thirds of them vote yes this fall. Gamma-Rapho via Getty Images<\/p>\n

If two thirds of shareholders approve the deal this fall, every resident, no matter how long they’ve lived there or how much they’ve spent renovating, will have to give up their apartment or be evicted and forfeit their cut of the payout.<\/p>\n

Eisner, who last year spent $4.3 million buying a second Pierre apartment and picking up more co-op shares along with it, joined a July 29th shareholder meeting on the sale by Zoom rather than in person, as tempers flared inside the hotel’s Cotillion Ballroom.<\/p>\n

The gathering, meant to finally answer residents’ questions, instead turned into what multiple attendees described as a “s\u2013tshow.”<\/p>\n

Investor Austin Hearst told the room representatives <\/a>from Dorchester and Khashoggi Holding had done “a miserable f\u2013king job” laying out the terms.<\/p>\n

\"Eisner<\/p>\n

Eisner joined a contentious July 29 meeting on the sale by Zoom rather than in person, as tensions boiled over inside the hotel’s Cotillion Ballroom in what multiple attendees described as a “shitshow.” WireImage<\/p>\n

Fashion designer Tory Burch<\/a> pressed them on the roughly 400 hotel employees whose jobs hang in the balance, saying “I have people in the elevator crying that they feel like their job is on the line every five minutes.”<\/p>\n

Longtime resident Tina Beriro, 85, put the math on aging owners bluntly, warning “many of us are going to be dead by the time you finish.”<\/p>\n

And Eisner isn’t the only Pierre name hedging. Larry Ellison<\/a> bought two units from Shari Redstone for $24 million in an off-market deal in November, another sign that some of the building’s richest residents would rather cash out quietly than wait for a shareholder vote that could upend their lives.<\/p>\n

\"Investor<\/p>\n

Investor Austin Hearst told the Dorchester and Khashoggi representatives they had done “a miserable f\u2013king job” explaining the terms, while Tory Burch (pictured) pressed them on the roughly 400 hotel workers whose jobs are on the line, saying she has “people in the elevator crying that they feel like their job is on the line every five minutes.” Getty Images for TIME<\/p>\n

\"Eisner<\/p>\n

Eisner isn’t alone in hedging his bets, either, since Larry Ellison bought two Pierre units from Shari Redstone for $24 million in an off-market deal back in November. Chad Rachman\/New York Post<\/p>\n

Commerce Secretary Howard Lutnick<\/a>, who owns the Pierre’s trophy penthouse but has never lived in it, sat out the July meeting entirely, tied up at the Oval Office the same day.<\/p>\n

His absence didn’t sit well given his sons now run Newmark, the brokerage that stands to earn a fee on the very sale their father would profit from as the co-op’s largest shareholder.<\/p>\n

Board president David Johnson has declined to comment on the meeting or the terms of the bid, calling it a private matter among shareholders.<\/p>\n

As of now, the Pierre’s board still hasn’t set a release date for the long-promised proxy statement laying out the sale’s actual terms.<\/p>\n","protected":false},"excerpt":{"rendered":"Michael Eisner isn’t waiting around to see how the war at the Pierre ends. The former Disney chief,…\n","protected":false},"author":2,"featured_media":350641,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[131015,131018,131016,9580,131017,131013,9,56,63,65,64,131019,131014,19131],"class_list":["post-350640","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-broad-revocable-trust","tag-dorchester-collection","tag-eli-broad","tag-getty-images","tag-khashoggi-holding","tag-michael-eisner","tag-new-york","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-shareholders","tag-sherry-netherland","tag-the-pierre"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/350640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=350640"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/350640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/350641"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=350640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=350640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=350640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}