The rumors are true: failed Murray Hill condo conversion Jasper will become an extended-stay hotel. Turkey-based chain Marmara Hotels & Residences has picked up the property for $55 million, Crain's reports?it already operates one hotel at 301 East 94th Street, its first hotel outside Turkey. The building has spent the past few years on the verge of foreclosure, and had the largest lien of any building up for foreclosure auction in 2011. Oh, Jasper, how far you've fallen. We'll never forget you, fireside pool lounge.
· Hotel sprouting in failed midtown condos [Crain's]
· Jasper coverage [Curbed]