Andre Balazs taking control of the Cooper Square Hotel?

New York City hotelier and residential developer Andre Balazs is reportedly adding another hotel to his ever-expanding portfolio in the form of the Cooper Square Hotel at 25 Cooper Square near Astor Place. According to Hotel Chatter, Balazs could take control of the property as early as Sept 1.

A representative for the hotel declined to comment on the prospective sale, but staffers are already aware of the takeover, according to a tipster.

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Westport Capital Partners, the mezzanine lender that took over the hotel in a debt restructuring deal valued at $70.9 million late last year, tapped Douglas Harmon and Adam Spies of Eastdil Secured to market the 21-story hotel earlier this year.

Balazs is also scoping out Eero Saarinen’s vacant terminal at John F. Kennedy International Airport for a boutique hotel, according to reports. [Hotel Chatter]