NY SUPREME COURT UPHOLDS TRUMP SOHO DESIGNATION AS TRANSIENT HOTEL

NEW YORK CITY — The New York Supreme Court has denied a petition submitted by Soho Alliance, Inc. that challenged the status of the new Trump SoHo project as a lawful hotel condominium. The ruling sustains an earlier resolution of the New York City Board of Standards and Appeals in May 2008 that upheld the New York City Department of Buildings’ approval of the construction of Trump SoHo as a “Use Group 5 transient hotel.” The project is currently scheduled for a fall completion. Rising 46 stories and 449 feet, Trump SoHo is being developed by a joint venture between The Trump Organization, Bayrock Group and The Sapir Organization. The building was designed by Rockwell Group, and will feature 400 hotel condominium units, including 10 penthouse suites and one Presidential suite on the top four floors. Other amenities include the restaurant Quattro, a luxury rooftop venue, a more than 11,000-square-foot luxury spa, a ground-level bar and 12,000 square feet of meeting space.