At the Post today, Lois Weiss reports that "the trendy upscale Cooper Square Hotel" is for sale. As she notes, the sale is expected to attract interest from "equally trendy hoteliers like Ian Schrager and Rocco Forte."
The marketing materials boast "an exclusive bar on the second floor featuring floor-to-ceiling windows and an expansive 1,700-square-foot outdoor patio."
The CoHo, you know (sorry!), had to hand itself over, or something, in a $71 million restructuring deal, The Real Deal reported back in March.
But! As Weiss writes:
Things are looking up, however. At least one night this weekend is sold out and the following weekend has availability with rates ranging from $392 to $441 for a king-size room. With city occupancy continuing to bounce upward along with tourism and room rates, Westport Capital probably figured it was an opportune time to hit the market.
A call to Christopher McClure, CEO of Westport Capital, also went unreturned by press time. Harmon is currently wrapping up the sale of the Chelsea Hotel to an as-yet-unnamed buyer for around $80 million.
When the dust settles, sources said, the Cooper Square Hotel should top that price, especially since it is sparkling new and has no hotel management contracts in place.
"It can be totally rebranded," said one source.
That "sparkling new" exterior will need to be hosed down when the demolition and subsequent construction starts directly next door at the former 35 Cooper Square.