Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group
$16,000,000
Off Market, Non Union Hotel, Boutique Independent Hotel
Details
Property Type Hospitality
Sub Type Hotel, Development Site
Keys 39
Beds 39
Cap Rate 10%
NOI $1,600,000
Occupancy 100%
Pro-Forma Cap Rate 12.5%
Pro-Forma NOI $2,000,000
Broker Co-Op Yes
Year Built 2005
Year Renovated 2015
Buildings 1
Stories 10
Lot Size (SqFt) 2,469
Zoning R8A, C2-5, HY i
Investment Type Value Add
Occupancy Date 03/01/2023
Ground Lease No
Ownership Fee Simple
Hospitality | 39 Keys | $410,256/key
Marketing description
EXECUTIVE SUMMARY
Asking $400K per key !!!
Please contact The Exclusive Broker for Approved Floor and Further Information
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av. 9th Floor
New York NY 10022
Phone: 917 328 3611
Email: Hotel107@aol.com
Investment highlights
Asking $400K per key !!!
Please contact The Exclusive Broker for Approved Floor and Further Information
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av. 9th Floor
New York NY 10022
Phone: 917 328 3611
Email: Hotel107@aol.com
Listing Contacts
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,600,000.00
$133,333.33/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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