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5 Star Hotel in New York City
229 Luxury rooms near Central Park, Manhattan, Upper West Side, Opened in 2015. NOI $17.2 MM Asking: $275 MM. The seller keeps the flag and management.6,25% CAPADR 475. 90% occupancy. Fee Simple. ICAP tax benefit that burns off in 2021...
4.5-star hotels, New York City
193 keys incl. 25 suites and 1 PH in Time Square, Theatre district. Opened in 1999 and a complete renovation in 2016 with 21 Mil ( about 110k per key). Ground lease ( 54 years left). 2018 Rev. 19.831 Mil. EBITDA before reserve: 4.677 Mil/ EBITDA after Reserve: 4.24 Mil...Asking: 90 MM
4-star hotels: New York City & Brooklyn
Manhattan, Distressed Time SQ hotel 165 rooms, 27 floors, 4 star, built in August 2010. 27 Floors, Paid $130 MM in 2012. Boutique. Restaurant leased to 3rd party. Asking: $90 Million. Distressed property, operating in a loss. - Non-Union.
Four Star Hotel, Brooklyn, Hotel, 90% Finished. A 14 story hotel with 280 rooms. Lot size/Building size: 78 x200. Zoning:C1-3/R6/LH-1 . All the rooms are furnished and there is a temporary certificate of occupancy that has been issued. The hotel could be whatever the owner chooses but would probably be best suited for luxury given how grand it is as well as its history as a premier. No flagship or hotel operator because the current partnership of two owners could not come to an agreement on which brand they wanted to use. Asking: $160 MM- Non-union
About 10 MM +/-
Newly Built Best Western Hotel, Very spacious 71rooms with hotel size of 72,000 sf, sitting on 1.7 acres. Houston, Texas. Lot Size: 1.7 acres and Hotel/Building Size: 72,000sf. Opened in November 2017. Gross Rev. in 2018 is about 1 Mil. NOI in 2018 is about 250K. Projected NOI is about 500K in 2019. ADR: $85.00. RevPar: 40. Asking Price: $5.75 Mil
Brooklyn 45 keys plus one office. Currently, NNN leased to a tenant. 2 more years left on the lease. Asking 8.89 MM. About 5.65 % cap
Staten Island, 80 rooms unfinished. 75% finished. Seller will sell 6.9 Mil /walk away with equity loss.
Orlando. 106 keys. 1.7 Mil Gross/840K NOI. Asking: 11 MM
Wyndham Houston: 151 rooms. Recently renovated. Used to be Holiday Inn Express. Great Condition. Asking: 7 MM
3 hotels portfolio in CT near Foxwood. Total of 443 rooms. Cap 12.5% 56 MM
One Year old Hotel Best Western Houston. 70 rooms, can be free of flag and management. Asking: 5.75 MM
2 hotels in Deerfield Beach.FL. Best Western 100+ keys and Quality Inn 100+ keys: 22 MM
184 keys boutique ( 64K sf building size) hotel in Korea Town. Union. Price: $65MM
50 Keys on Lexington Ave. Building size: 17027sf/lot size: 40 x100./Zoning: c6-2./2 elevators. /Year built: 1910. Asking: 28 MM
Los Angeles Marriott Hotel: 480+ rooms, Average occupancy: 84%.. ADR: $160 per night. NOI: 10.355 MM Asking: $140 MM./ Cap: 7.4%...Capex on Restaurants and lounges: 4 Million in 2016. - Non-Union.
Washington DC, 4 Star Hotel in DC area: 388 keys incl. 11 suites. 15 stories,182 parking space,1.35 acres Fee simple, years built: 2006. Last renovation: 2015. Meeting space: 15102sf. Restaurant & Lounge & Starbuck coffee. Flagship expires 07/2036. Asking: $130 MM. Cap 6%+
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