Hudson Yards Hotel - An Urban Resort
105-key Manhattan hotel leasehold with event, restaurant & retail space plus Hyatt brand opportunity
Marketing description
Muroff Hospitality Group is proud to exclusively present the 34 year leasehold offering of the Hudson Yards Hotel, a fully operational 105-room Urban Resort at the intersection of Hudson Yards, Times Square, and the Javits Center. Positioned on West 42nd Street in one of Manhattan’s most dynamic and high-growth districts, this prime hospitality asset offers immediate upside and long-term repositioning potential in a market where New York City hotel occupancy has rebounded strongly—averaging over 85% citywide and surpassing 89% in Manhattan through 2024 and 2025. With more than 63 million tourists projected to visit New York in 2025, the timing and location of this offering couldn’t be better.
The Hudson Yards Hotel combines thoughtfully designed guest accommodations with flexible street-level space ideal for restaurant, event, and nightlife uses—currently vacant and ripe for activation. The property’s layout and systems support seamless operations across transient, extended stay, and lifestyle lodging concepts. With the option to add additional guestrooms and floors, subject to approvals, this offering presents significant development upside. The lease has 34 years remaining and includes provisions that may allow for an extension, further enhancing long-term value.
Strategically located just steps from the High Line, Hudson River Park, and Central Park, and with unparalleled proximity to Penn Station, Port Authority, and the 7 Train subway, the Hudson Yards Hotel benefits from exceptional accessibility for both corporate and leisure travelers. Its location bridges the corridor between the Javits Center’s convention and corporate demand and the leisure-driven energy of Times Square and Broadway. This dual-demand profile offers a compelling positioning advantage for the next operator.
Investment highlights
105 -key boutique hotel in Manhattan’s premier growth corridor
Flexible event, restaurant, and retail spaces for diversified income
34 year lease - possible extensions - expansion upside
Strong RevPAR trajectory supported by increasing demand
Excellent transit access via Penn Station, Port Authority & 7 Train
Steps from Central Park, Broadway, and high-end dining and retail
Brand affiliation opportunity with Unscripted by Hyatt for global distribution
A standout opportunity lies in the hotel’s advanced discussions with Hyatt to join the newly launched Unscripted by Hyatt lifestyle brand. Hyatt has conducted a full property review, delivered a Property Improvement Plan (PIP), and presented a franchise agreement—making this an ideal candidate to leverage the global distribution power and brand equity of one of the world’s leading hotel groups. A Hyatt affiliation is expected to unlock ADR growth, elevate brand positioning, and expand the hotel’s market reach.
Also notable is the development potential of the site itself. A recent CBRE appraisal (available in the due diligence vault) explored various future-use scenarios for the underlying land—ranging from expanded hotel use to residential or mixed-use redevelopment. Bonus FAR, air rights, and density increases could support these future paths, offering long-term optionality while maintaining a strong operating base. Importantly, the CBRE appraisal estimates the current “as-is” leasehold value to range between $14.5 million and $17 million—providing helpful pricing context for interested parties.
Offered exclusively through Muroff Hospitality Group, the Hudson Yards Hotel represents a rare chance to lease a prime hospitality property in Midtown West with branding upside, development potential, and immediate operational momentum. Interested parties are invited to inquire for additional information and access to a confidential due diligence package upon signing a Non-Disclosure Agreement (NDA).
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