$220,000,000 for New York, New York Times Square Branded Hotel Business & Property.
THE HOTEL FEATURES WELL-APPOINTED, LUXURIOUS ROOMS. THIS HOTEL IS LOCATED MINUTES AWAY FROM TIMES SQUARE, PLACING THE GUEST STEPS AWAY FROM MADISON SQUARE GARDENS AND CENTRAL PARK. END BUYER'S ONLY. IF INTERESTED, PLEASE SUBMIT AN NDA, POF, AND AN LOI. NO EXCEPTIONS.
SUMMARY DETAILS
HOTEL CLASS: 4- STAR CLASS A
ROOMS/KEYS: 330
REVENUE: 26MM
NET OPERATING NOI: 14MM
PROJECT HIGHLIGHTS: 17MM BY 2026
PRICE PER KEY: 500k
OCCUPANCY 92-95 %
AVERAGE DAILY: 380.00
PRIME ROOM'S REVENUE: 700.00 + PER NIGHT
ANNUAL REVENUE PER ROOM 45K
UNION STATUS: (NON-UNION PROPERTY)
EVENTS SPACE AND GATHERING FACILITIES
CENTRALLY LOCATED NEAR RESTAURANTS, ENTERTAINMENT, SHOPPING, AND MAJOR INTERSECTIONS. The hotel property features all basic services for a Property of this type and offers amenities such as an indoor pool, whirlpool, fitness room, business center, and more. The rooms are located off the interior corridors. There are many local businesses and other demand generators in the area. The hotel's neighborhood primarily comprises a variety of commercial, retail, and leisure/entertainment uses. Please “do not disturb the employees” and call The Saleh Group for more information and showings, or visit us online.
