[Updated 3:52 p.m.] The Cooper Square Hotel, which was rumored earlier this month to be “very close” to a sale to the owners of both the Soho Grand and Tribeca Grand, “will not be purchased by an outside party,” a representative for the hotel told The Real Deal in an e-mail this morning. “The hotel [at 25 Cooper Square and Bowery] will continue to operate under managing partner Klaus Ortlieb and his team,” the rep said, adding that a new restaurant is in the works, so stay tuned for an announcement after the New Year. A representative for the Grand hotels declined to comment. TRD