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Balazs Bought Cooper Square Hotel For $90 Million

The Wall Street Journal reveals that playboy hotelier Andre Balazs bought the Cooper Square Hotel for $90 million, and that he is partnered with the property manager Ironstate Development Company. Mr. Balazs’s takeover of the hotel was approved by Community Board 3 last month. According to the Journal, he is not planning to change much about the hotel, but is examining the possibility of a new restaurant and bar.