Price Is Firm @ $40 Mm +3%.
(To Move Forward The Buyer To Please Follow The Protocol Below).

The Hotel Z Has 100 Keys Is A Non Flagged 4 Star Hotel Located At Avenue Long Island City, New York, 11101.

This 14 Syory Hotel Built In 2011 Is Along New York's East River Near The Queensboro Bridge. Hotel Guests Have Incredible Views From Their Rooms With Floor To Ceiling Windows.

This Hotel Has A Three Meal Restaurant And Bar. In Addition There Is A 5,000 Square Foot Rooftop Lounge......Big Bucks Here.

There Are Meeting Rooms, A 45 Space Parking Garage, A 3,800 Square Foot Office Space Which Can Be Converted.

The Occupancy Rate Over The Past 12 Months Is 78%, The Adr Is $163 Per Night, The 2015 Net Operating Income Was $1.8M, The 2014 Noi Was $2.3M, Showing Potential. The Cap Rate Is 5%.

The Food & Beverage (F&B) Is Leased Out And Are Re-Negotiating With The Lessee On The In Place Lease. The Current Lease Generates About $250,000 Annually. Should The New Buyer Choose To Takw Over The Food And Beverage, The Profit Would Be In Excess Over $1,000,000.

There Are Many Other Profit Center Generators Through This Hotel And Those Generators Are Specified In The Link Below.

Posted Sep 9, 2016

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