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Monday, November 28, 2011
AB Hotels Acquires Cooper Square Hotel 
NEW YORK-AB Hotels has acquired the 105-room Cooper Square Hotel here with plans to rename it The Standard East Village.
AB Hotels, headed by developer Andre Balazs, already owns The Standard in the Meatpacking District and The Mercer in SoHo, two boutique hotels known for their celebrity following. AB Hotels didn't disclose the price it paid for its newest acquisition, which has been in bankruptcy, but local media reported the cost to be $80 million.
The Cooper Square has been controversial since opening five years ago. At 21 stories and with a contemporary design, including a glass exterior, it stood out from its low-rise surroundings. More damaging, late-night noise from an outdoor lounge created bad blood with its residential neighbors, who staged a series of publicity-grabbing protests against the hotel.
... Full Story
Hersha Acquires Land In MiamiMIAMI-As part of a deal to purchase a Courtyard by Marriott Hotel here, Hersha Hospitality Trust has acquired an adjacent parcel of buildable, oceanfront land.
Entertainer Kravitz Halos Bisha Hotel Room DesignTORONTO-Lifetime Developments, together with INK Entertainment, enlisted Kravitz Design, Inc. led by entertainer Lenny Kravitz, to envision an exclusive floor for the anticipated Bisha Hotel and Residences here and will reflect the music, art and travels of Kravitz.
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Coming Soon...
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| At the recent IH/M&RS show, HOTEL BUSINESS® held its first round of judging for its "Deals of the Year" awards to be published in the Jan. 15 issue of Hotel Business. We are still accepting submissions for future rounds of judging.
Categories include:
- Acquisitions
- New Construction
- Conversions
- Renovations
Don't miss your chance to submit your entry by going to deals.hotelbusiness.com.
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