The concrete skeleton of 180 Ludlow Street, which was supposed to be the stylish 170-room Hotel Ludlow but hasn't been touched in months, was reportedly switching to rentals. A tipster tells us that's no longer the case. The credit crunch casualty is, rumor has it, being bought by BD Hotels, the powerful partnership of boutique hotel investors Richard Born and Ira Drukier that just snatched up an old Salvation Army building in Murray Hill. The twosome is also involved in the Maritime, Chambers, Greenwich, Jane and Bowery hotels, and the Ludlow could soon be on that list.
Our tipster tells us the deal is in contract pending resolution of a legal battle between the Hotel Ludlow developers and the owners of 178 Ludlow Street, aka Max Fish, over damages during construction. A BD spokesperson told Curbed nothing has been finalized so it's premature to comment, and we're waiting to hear back from Hotel Ludlow developers S&H Equities. BD Hotels has some experience in the area taking over troubled buildings and making them hot properties (see the Bowery Hotel), so The Hotel on Rivington and Thompson LES should be watching their backs.
· Hotel Ludlow coverage [Curbed]