Lower Manhattan is getting an Ace Hotel to call its own. The new, 180-room building will open in two years in the former Salvation Army Chinatown Shelter, purchased by Omnia Group and North Wind Group for $30 million, according to the New York Post.
The nonprofit has occupied the building at 223-225 Bowery since 1972 and will now be relocating to Brooklyn. During its stay in the 55,000-square-foot space, it only used the first two floors; the remaining eight have been vacant for about 13 years. Before that, they were used as a single-room occupancy hotel, with each floor containing 40 tiny rooms and one communal bathroom. The hotel will open following a gut renovation. Some residential condominiums ight be added as well.