Like the luxury stores a few blocks south on Fifth Avenue, the Pierre Hotel is decked out with holiday decorations, but the residents of the hotel remain entangled in a dispute about the future of their homes.

The months-long battle between shareholders about the potential sale of the New York City landmark, which is owned by the 795 Fifth Avenue Corp. and run like a co-op, is showing no signs of ending anytime soon. In addition to being a pristine hotel, the Pierre is home to shareholders, who own one or more of the 77 residential units. Their shares are proportional to the size of their residential units.

Like many of the residents, Taj Hotels, which has managed the hotel’s operations for the past 20 years and provides some basic services to residents and contracts, was said to have be

See Full Page