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The NY Post reports that real estate bigwigs Rotem Rosen and Alex Sapir in a partnership with Buddha Bar founder/owner Gerard Guez, have bought the Mondrian Soho hotel for $205 million. The hotel was previously owned by a financial institution that took over the property when it was in foreclosure.
The hotel will remain a luxury boutique hotel but no name or brand has been designated. However, anybody can see that this will clearly become the Buddhar Bar and Hotel New York. After all, Guez, already operates three Buddhar Bar and Hotels in Paris, Prague and Budapest.
That excites us tremendously but we're also a little sad, since Mondrian just opened their breezy new rooftop soda shoppe called Sonny's. Hopefully, we'll have one last chance to try it this summer. Rates at the Mondrian this weekend start at $295 a night.
[Photos: Cynthia Drescher/HotelChatter]