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Will We Soon Lose the 'Worst Hostel' in New York City?

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Break out the funeral pyre, because according to The Observer, developer and hotelier Sam Chang of McSam Hotel Group is selling Bowery's Whitehouse Hostel—better known to Curbed readers as the "worst hostel" in New York City.

Earlier this year, our very own Hana spent one magical, uncomfortable night in the flophouse, dropping a cool $45 on a monastic cell and a lifetime of bedbug anxieties. Now—like all strange, fun, and interesting things on the Bowery—it's getting sold, with the property entering contract for $12 million.

It's unclear who the buyer is, but whatever's going in there will probably be expensive.
· "Sam Chang's Whitehouse Hotel in Contract for $12M" [NYO]
· All Bowery Whitehouse coverage [Curbed]