Ownership completed construction in 2018 and has recently opened both hotels for occupancy in September 2019. Within four months, the hotels have achieved an average daily rate (ADR) above $110. Additionally, there is ample free parking, a business lounge, a fitness center, free Wi-Fi.
This offering represents a unique opportunity to acquire two brand new hospitality assets with a very limited competitive set in a burgeoning Queens location.
Price: $33,900,000 ($232,000/Key)
|Price||$20,416,000||Average Daily Rate||$110.00|
|Price Per Room||$232,000||No. Rooms||88|
|Sale Type||Investment||No. Stories||5|
|Property Type||Hospitality||Year Built||2019|
|Parking Ratio||0.63/1,000 SF|
|Lot Size||0.69 AC||Opportunity Zone||Yes|
|Building Size||31,617 SF|
|Home area||31617 sqft|
- Air conditioning
- Cable TV
- Cleaning after exit
- Cofee pot