Despite reports that the Ace Hotel, the Seattle-based hotel chain that has become a darling of Midtown South entrepreneurial sorts in need of a nosh and a WiFi signal, was in plans to open up a new hotel at 54 Canal Street, the group told The Commercial Observer that it was not involved in the project in any way.

A spokesman for The Ace Hotel, which already has a Midtown South location, said that the firm had “no involvement” in the redevelopment of the Jarmulowsky Bank Building. Earlier today the Bowery Boogie, a Lower East Side blog, claimed that the hip hotel chain was going to open a new outpost there.  Read More