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Manhattan Off Market Non Union Hotels - Multiple Location
Hospitality | 1,000 Keys | $550,000/key
Listing Contacts
SL License: NY10311206078
Active
Asking Price: $550,000,000
Earnest Money Deposit: $10,000,000 min.
Address
5th Ave, New York, NY 10036
Show on MapDate Added
Jul 30, 2021
Days on Market
1328 days
Time Since Last Update
5 days
Details
Property TypeHospitality
SubtypeHotel
Investment TypeStabilized
Investment Sub TypeRedevelopment
Square Footage400,000 - 500,000
Cap Rate4.55%
Pro-Forma Cap Rate6.36%
Occupancy80%
Occupancy Date08/01/2021
NOI$25,000,000
Pro-Forma NOI$35,000,000
Beds1000
Keys1000
Year Built1930
Year RenovatedN/A
Buildings1
Stories22
ZoningC6-5, MiD
Price/Sq Ft (Land Value)$12,000 - 13,000/SF
Parking (spaces)100
Price/Key$550,000
OwnershipNon Disclosed
Marketing Description
A few off market non union hotels for sale.
Manhattan Prime Prime Location
100,000 sq. ft. to 900,000 sq, ft.
3 stars to 5 stars hotels
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: hotel107@aol.com
Investment Highlights
A few off market non union hotels for sale.
Manhattan Prime Prime Location
100,000 sq. ft. to 900,000 sq, ft.
3 stars to 5 stars hotels
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: hotel107@aol.com
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,000,000.00
$2,083,333.33/mo
Valuation Metrics
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0
DSCR
4.55%
Cap Rate
4.55%
ROI
Property History
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Due Diligence
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Listing Contacts
SL License: NY10311206078
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