Cooper Square Hotel: Sale of Shit-Ugly Tourist Trap Digs 'Very Close'
The two-year-old, 21-story-tall hotel has faced troubled times since its opening, including neighborhood noise complaints, having to build itself around a tenement whose owners refused to sell, and narrowly escaping foreclosure after a German bank claimed it'd defaulted on $52 million in loans. (The Hotel eventually negotiated to restructure those loans.)
A hotel publicist would only confirm that the hotel lender was "in negotiation" with a potential buyer. Reps for Hartz Mountain have not yet responded to a request for comment.