Remember the Hudson Hotel? Back in the day, it was an absolute nightlife hotspot after a massive $125 million renovation in 2000. Sadly, the pandemic forced its permanent closure in 2020.
Now, its planned rebirth as a luxury apartment complex has hit a major roadblock.
The property’s current owners officially filed for chapter 11 bankruptcy protection on October 22, 2025. The filing follows a highly chaotic series of events that ultimately halted a massive $440 million residential conversion.
From a glitzy boutique hotel to a halted construction zone
The grand plan was to transform the shuttered 878-room hotel into 440 market-rate rental apartments. The developers, CSC Real Estate, took over a 99-year ground lease in May 2022. They secured a $207 million loan from Parkview Financial to get the project off the ground…