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According to Crain’s, the developers of the MAvE Hotel (62 Madison Avenue at 27th Street). This latest move postpones the auction of a piece of debt on the property. (Read the full story at Crain‘s)

The hotel does still appear to be open though (www.themavehotel.com) and you can check rates and specials at www.themavehotel.com/specials.

The boutique hotel opened in July 2009 just north of Madison Square Park and was one of the first of a string of new boutique hotels planned for the area (Ace Hotel, Nomad hotel, Flatiron Hotel).

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