Sapir can oust Morgans from Mondrian Soho

Judge rules to evict Jason Kalisman’s management company

TRD New York /
Apr.April 13, 2015 03:59 PM

The Mondrian Soho will officially transition to its new brand — NoMo SoHo — after a judge ruled today that Alex Sapir and Rotem Rosen’s ASRR Capital can push the former management company out.

ASRR purchased the swanky hotel out of foreclosure for $205 million earlier this year, and has since been engaged in a struggle with Jason Kalisman’s Morgans Hotel Management, which had a long-term contract with the former owners, according to the New York Post.

The decision comes after a dramatic episode last week in which Sapir tried to oust Morgans in the middle of the night by taking over the hotel’s systems and slipping notes under guests’ doors announcing the new brand. The judge put a temporary restraining order in place, but as of today, the path is clear for ASRR to take over.

Both sides were ordered to submit a plan for the orderly transition of management by May 1.

“We want to succeed or fail on our own abilities and with our own management team,” said Bruce Kaplan, the attorney representing ASRR.

Morgans still has a claim for $110 million in damages that court has not yet decided.

“While we are disappointed in the court’s decision to order a transfer of operations at Mondrian SoHo, we will continue to pursue our damages claim [against Sapir] for willful breach of our management contract,” a Morgans spokesman told the newspaper. [NYP] — Tess Hofmann


Related Articles

arrow_forward_ios
From left: Rotem Rosen, Zina Sapir, Tamir Sapir, Bella Sapir, Elena Sapir, and Alex Sapir (Credit: Getty Images)

Alex Sapir accused of mismanaging family fortune amid feud with Rotem Rosen

Alex Sapir accused of mismanaging family fortune amid feud with Rotem Rosen
Sapir Corp. posts $7M loss in first quarter of 2019

Sapir Corp. posts $7M loss in first quarter
of 2019

Sapir Corp. posts $7M loss in first quarter
of 2019
Alex Sapir borrows from father’s estate to pay off Israeli bonds

Alex Sapir borrows from father’s estate to pay off Israeli bonds

Alex Sapir borrows from father’s estate to pay off Israeli bonds
Alex Sapir, CEO of the Sapir Organization (Credit: Getty; iStock)

Alex Sapir wants to take his firm private. This could be the right time

Alex Sapir wants to take his firm private. This could be the right time
Alex Sapir will rent out units at struggling luxury condo project in Miami

Alex Sapir will rent out units at struggling luxury condo project in Miami

Alex Sapir will rent out units at struggling luxury condo project in Miami
Rotem Rosen with the Hotel Indigo Lower East Side at 171 Ludlow Street, and Alex Sapir with the NoMo Soho hotel at 9 Crosby Street (Credit: Google Maps)

Sapir gets PPP loan for NYC hotel; Rotem Rosen to return his

Sapir gets PPP loan for NYC hotel; Rotem Rosen to return his
Alex Sapir (Credit: iStock)

Sapir Corp. CEO jumps to Property & Building Corp.

Sapir Corp. CEO jumps to Property & Building Corp.
From left: Alex Sapir, Tamir Sapir, Zina Sapir and Rotem Rosen (Credit: Getty Images)

Alex Sapir moves to dismiss Rotem Rosen’s $100M lawsuit

Alex Sapir moves to dismiss Rotem Rosen’s $100M lawsuit
arrow_forward_ios

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

Loading...