New Owners to Re-Brand The Mondrian Soho

New York Tour Bus
New York Tour Bus // Photo by Medioimages/Photodisc/iStock/Getty Images Plus/Getty Images

New York City.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 new owners will reportedly re-name and re-brand the existing property. 

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The hotel will remain a luxury boutique hotel but no new name or brand has been announced. There is speculation that it will become Buddha Bar and Hotel New York, as part owner, Guez, already operates three Buddha Bar and Hotels in Paris, Prague and Budapest.

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No planned changes have been announced for the property. The Mondrian just opened a new rooftop soda shoppe called Sonny’s. Rates at the Mondrian this weekend start at $295 per night.

Visit www.morganshotelgroup.com

 

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Blending into the natural surroundings, the 15-suite boutique hotel will have a clifftop pool with panoramic sea views.

The resort itself was spared from the bushfires and is in excellent condition. The rehabilitation process has begun for the surrounding land.