Description

Off Market - Midtown Manhattan - 5 Star Hotel - High Cap Rate - Super Rare Opportunity.

Package Summary.

Property Type = Hotel
Location = New York ( Close to Subways )
Total Number of Keys = 200+
NOI = 15M
Cap Rate = 6%
Hotel CLASS = 15-20 Story Ultra Luxury 4-5 Star Hotel
Occupancy Rate = 85%
ADR = $472.50
REVPAR = $401.63
Union Status = Non-Union


Priced to Sell = 240M + 3%

Additional info will be provided once the buyer(s) /rep execute minimal paperwork

These properties are available as at today, but cannot guarantee availability anytime after.

Posted Jun 11, 2016

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Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.