Hotel East Houston Sells for $16.75M, Rechristened ‘Ridge Hotel’

Posted on: July 31st, 2017 at 5:16 am by

On the occasion of its tenth year in the neighborhood, the Hotel East Houston just changed hands. Former owner Jin Sup An (also behind the 36 Hudson Hotel) parted with the property two weeks ago for $16.75 million, according to public records.

The transaction is about $5 million less than the asking price when the property last hit the market in November 2011.

Buyer of record is one Steven Oved of GPS Realty, and he apparently wasted no time in changing the name (OK Houston Hotel LLC). Seemingly overnight, the lodge was rebranded as the Ridge Hotel, and part of the CS Hospitality Group. (Nowhere near Ridge Street, of course.)

And in related news, the new owner seeks to impart an on-premise bar, potentially on the rooftop (a repeat of the 2012 application?). Naturally; this is just off Hell Square, after all. There is a liquor license application currently on file with Community Board 3 that will be reviewed at next month’s SLA subcommittee meeting.

Stay tuned on that front.

Recent Stories

Police Barricades Set Along LES Route for Sunday’s Half Marathon

Police started installing metal barricades around the Lower East Side Wednesday night in anticipation of Sunday’s Half Marathon. Part of the route runs through the neighborhood just off the Manhattan Bridge. Approximately 22,000 marathon runners will flow off the bridge onto Canal Street, then follow East Broadway to its termination at Grand Street, and up […]

Rivington Street’s ‘Bar Alaska’ Takes Over Where Stay Classy Failed

There is a slice of the Klondike on eastern Rivington Street. A new sub-grade cocktail den dubbed Bar Alasaka just made its winter splash last week. Bar Alaska is a self-described “laid back, yet elegant American cocktail bar—but with a Russian accent,” and features a “selection of elite Russian vodkas and vodka-based cocktails,” according to […]

Pickle Guys will Start Grinding Super Hot Passover Horseradish this Weekend

Passover falls quite early this year – at the end of March – so the Pickle Guys are getting a head start on serving up their special sauce. Homemade super-hot horseradish ground onsite. Horseradish sales begin on Sunday (March 18) and will likely draw crowds. Expect the gas-masked grinder, as always, and a horde of […]

Here’s Banksy’s Return to the Bowery

So, Banksy is in town. Not just his little clock rat on 14th Street, but the Bowery Mural Wall on the Lower East Side. He’s the artist behind that new 70-foot-long protest piece – and also street writer Borf – aimed at shining a light on the plight of Turkish prisoner Zehra Dogan. Dogan is […]

Banksy Makes a Statement with ‘Free Zehra Dogan’ Message at the Bowery Mural Wall

A change of the guard just happened at the Bowery Mural Wall. London-based artist Lakwena is no longer on display. Her #KindComments marketing stunt, in conjunction with Instagram, was scrubbed clean earlier this week after holding court for six months. Banksy took over. The high-profile canvas was scrubbed of its message – “lift you higher” […]