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Mondrian Hotel on Lafayette Street is a Go

Where: 150 Lafayette Street [map], New York, ny, United States, 10013

The NY Post reports today that the Mondrian Hotel on Lafayette Street in SoHo is official.

Rumors about the Mondrian SoHo popped up back in April and we didn't doubt them for a second with Mondrians popping up all over the country.

So what will the East Coast Mondrian have to offer?

The ultra-hip inn at 150 Lafayette St. will have 270 guest rooms, a glamorous restaurant, ballroom, exercise club and a penthouse suite with outdoor party space, reports The Post's Braden Keil. The developers, Morgans Hotel Group and Cape Advisors, say they plan to open their spinoff of the glamorous Hollywood original in late 2009.

This is all really good news for Lindsay Lohan and Britney Spears because now they have a place to run to during a Manhattan Meltdown.

This is bad news for DeNiro, Pomeranc, Balazs and any other hotelier with a new hip hotel opening in downtown.  The more hotels does not mean the merrier hoteliers.

Related Stories:
· New Mondrian [NY Post]
· Mondrian NYC Hotel Rumored On Lafayette Street [HotelChatter]