The Bowery will likely no longer be home to the Ugliest Hotel in the World

[EVG file photo]

The Salvation Army's East Village Residence closed here at the Bowery and East Third Street in August 2008. (Find some history of the space here.)

In January 2011, Lois Weiss at the Post reported that the France-based Louzon Group had bought the building for $7.6 million and were planning on opening a new hotel here.

And not just any fucking hotel. Remember?

Ready? Brace.

[Via the Observer]

(And yes — that's a Jumbotron up there.)

Anyway, never heard anything else on this project ... no work permits were filed, etc.

Here's why. The Lo-Down reported yesterday that "Glauco Lolli-Ghetti, the principal at Urban Muse, a privately held real estate firm that 'acquires, develops, repositions, operates and brands' both commercial and residential real estate," bought the space in a $16.3 $19 million deal.

What do they have planned? No idea yet. But whatever — don't show them that hotel rendering!

Previously on EV Grieve:
Reactions to new Bowery hotel: 'It would be cheaper and more useful just to blow up the building and leave a 30-foot crater'

Why do the French hate us?

Whatever happened to that really ugly hotel planned for the Bowery?