Report says HK's Gaw Cap eyeing NY hotel

The Standard Hotel, a symbol of chic in Manhattan's Meatpacking District, could be going to a Chinese buyer.

Hong Kong-based Gaw Capital Partners is reportedly close to buying the 338-room hotel, with floor-to-ceiling windows, at a discount.

The New York Post cited sources saying that a fund - controlled by Goodwin Gaw, 48, and his brother and sister - will pay $340 million for the property that overlooks the High Line, a popular city park and tourist attraction.