Kalisman and Sapir lobby for control of Mondrian SoHo

Written By Unknown on Selasa, 07 April 2015 | 10.46

Alex Sapir can't enter his own hotel if Jason Kalisman has a say.

The two young hotel scions battled over control of the Mondrian SoHo — literally on the ground floor of the 263-room hotel early Monday morning and later a few blocks south before a judge in Manhattan state court, where Kalisman won the day.

It was quite a manic Monday.

The two want to run the 9 Crosby St. hotel, restaurant and bar — an A-list celebrity magnet that has hosted parties attended by Kanye West and Britney Spears.

First, Sapir — whose organization bought the hotel out of foreclosure for $205 million March 6 — at roughly 2:30 a.m. Monday entered the Mondrian to oust Kalisman's Morgans Hotel Group (MHG), in its third year of a 10-year management contract to run the facility.

Sapir's team attempted to put fliers under guest doors saying they were taking charge and changing the name of the hotel to NoMo SoHo, sources said.

Their plan was to install their own computer systems while most guests were asleep, and then as seamlessly as possible start running the Mondrian with most workers staying in place but changing employers, a source said.

Sapir was determined to force the change and was only prevented from doing so after Kalisman's hotel management called the police, sources said.

Kalisman's MHG then put their own fliers under guest doors saying, "In the early morning hours, Sapir attempted to illegally remove MHG as the operator of the Mondrian SoHo. Sapir's actions at Mondrian SoHo are highly irresponsible and damaging," the letter, reviewed by The Post, said.

During the day, the Sapir Organization's legal team and security experts, including Bo Dietl, were on site, meeting in a room next to the ground-floor bar that could only be accessed through a secret entrance that from the outside that appeared to be a bookcase.

Many people looking like security men were roaming the hotel's ground floor while young, fashionable guests dined in the restaurant, seemingly oblivious to the high-stake corporate one-upmanship going on around them.

Later on Monday, the judge issued a temporary restraining order against Sapir.

Kalisman, the 35-year-old grandson of real estate giant Alfred Taubman, is seeking a termination fee for walking away from the roughly $1.25 million annual management contract, a source close to MHG said.

MHG shareholders are not placing much value on the management contract, which expires in February 2021 — with two 10-year extensions at MHG's option. The value of the management contract could add up to $2 a share to MHG's $7.74 closing price, a source said.

Morgans maintains the foreclosure does not affect its management agreement.


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