At Cooper Square Hotel, Balazs to rectify “mistakes” of former owners

New York /
Jan.January 30, 2012 12:30 PM

Hotelier Andre Balazs is planning to reconfigure the Cooper Square Hotel into a “cost-conscious… center of a community,” and not a nuisance for its neighbors, he told the Wall Street Journal, following “mistakes” made by the hotel’s previous owner.

“I know the guys who built [the Cooper Square Hotel] originally, and I thought they miscalculated a bunch of things,” said Balazs, who purchased the hotel at 25 Cooper square, in November 2011 from Westport Capital Partners and has made plans to turn the property into a more subdued version of his first Standard Hotel in the Meatpacking District.

“The way it was developed and built was completely misconceived in terms of its use as a public space and in terms of its relation to the neighborhood,” he said. “It’s a very residential community and they managed to make a design that pissed off the neighbors immediately. That’s a mistake. That’s not what we’re going to be about… Good hotels are a center of their community, and you can’t be the center of a community if the person next door to you can’t sleep.”

Balazs is expected to spruce up the 105 rooms, renovate the public space and redo the recently opened restaurant on the 21-story building’s ground floor, now called the Trilby. Rooms will start at about $190 per night. [WSJ]

 

Related Articles

arrow_forward_ios
From left: Standard International's Amar Lalvani and SIXTY Collective's Jason Pomeranc along with the SIXTY Soho Hotel (Getty, Facebook/SIXTY Soho)
Standard buys Sixty Soho hotel for apparent post-Covid record price
Standard buys Sixty Soho hotel for apparent post-Covid record price
Blue Flag Partners' Jason Brown with 326 Front Street (LinkedIn, Getty, Greenporter Hotel)
Investors buy North Fork’s Greenporter hotel
Investors buy North Fork’s Greenporter hotel
99 Washington Street (Google Maps, Getty)
Distressed FiDi Holiday Inn greenlit for migrant shelter
Distressed FiDi Holiday Inn greenlit for migrant shelter
From left: Värde Partners’ IIfryn Carstairs and Hawkins Way Capital’s Ross Walker along with 525 Lexington (Getty, Värde Partners, Hawkins Way Capital, Google Maps)
Hawkins Way, Värde buy defunct Marriott East Side hotel
Hawkins Way, Värde buy defunct Marriott East Side hotel
Atlas Hospitality Brokerage president Alan Reay (Atlas Hospitality Brokerage)
Listen: Inside the looming distress across the hotel market
Listen: Inside the looming distress across the hotel market
Bob Ghassemieh, Ignazio and Maggio Cipriani, Mr. C Seaport at 33 Peck Slip (Getty, Mr. C Residences, Google Maps, Bob Ghassemieh)
Mr. C Seaport hotel sold to South Korean operator for $60M
Mr. C Seaport hotel sold to South Korean operator for $60M
Hotel at Times Square heads to auction
Hotel at Times Square heads to auction
Hotel at Times Square heads to auction
From left: Quadrum Development's Oleg Pavlov, Toby Moskovits, and Heritage Equity Partners' Michael Lichtenstein with the  96 Wythe Ave (Williamsburg Hotel, Getty)
UK firm to buy Moskovits, Lichtenstein’s Williamsburg Hotel for $96M
UK firm to buy Moskovits, Lichtenstein’s Williamsburg Hotel for $96M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...