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Cooper Square Hotel Stands Alone

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Earlier in the month lawyers for the SoHo and TriBeCa Grand Hotels told us they were "very close" to a deal to buy the troubled Cooper Square Hotel. Last week the hotel shut down its Scott Conant restaurant, Faustina, presumably to make the upcoming sale smoother. We guess they weren't close enough. This morning we received an e-mail from the hotel's reps telling us that in fact it will "not be sold to an outside party." Further, they'll announce plans for a new restaurant in early 2011. We were really hoping they were going to rename it the Cooper Grand. Oh, well.

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