It's Official: Gansevoort Hotel Group No Longer Managing Gansevoort South
The other week we learned that The Gansevoort Hotel Group was suing an affiliate of Credit Suisse, who now owns the Gansevoort South Hotel, challenging their decision to drop Gansevoort Hotels as the hotels' management group. GHG was also upset that the new management group put in its place was allowed to use the name Gansevoort, even though they clearly have nothing to do with GHG.
However, it seems there's a licensing agreement that enables Credit Suisse to continue using the Gansevoort name. There's still a lawsuit in the works but for now, the Gansevoort South will remain, in name, the Gansevoort South.
We couldn't go public with the name of the new management group the other week but today we can--Coral Hospitality, a Florida firm that has a handful of very low-profile hotels, resorts, golf clubs, spas and residences. Judging by their portfolio, the Gansevoort South is definitely their most exciting property.
We'll be keeping an eye out for any changes at the G'voort--will it be less of a party scene or more?--but in the meantime, feel free to send us your reaction or put them in comments below.
[Photo: Kokkofish/HotelChatter Flickr Pool]