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According to the Real Deal, the MAvE Hotel (62 Madison Avenue at 27th Street) is in distress. The hotel is still very much open though ( and you can check rates and specials at

(You can even bring your dog)

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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