NYC’s Mondrian Soho changes hands for $205 million

US: Real estate moguls Rotem Rosen and Alex Sapir, in partnership with Buddha Bar founder owner Gerard Guez have bought the Mondrian Soho hotel for $205 million.

US: Real estate moguls Rotem Rosen and Alex Sapir, in partnership with Buddha Bar founder owner Gerard Guez have bought the Mondrian Soho hotel for $205 million.

According to The New York Post, the partners bought the Mondrian from a financial institution that foreclosed on the five-star boutique hotel, which was part of the Morgans Hotel Group.

The Mondrian will continue trading as a luxury boutique hotel but under a new name.

The 270-room hotel features a restaurant, roof terrace, a banquet space and a nightclub.

Rosen and Sapir also own the Zuma restaurant brand in the US.

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