Deep Discounted 4-Star Hotel Located in Heart of New York City

[Bryan Silver]

Brand New 4 Star Branded Hotel up for sale in heart of New York City's Time Square.  Midtown Manhattan.

 

Year Built (completed): October 2008

Total # of rooms: 224

Square footage: 85,000 +

Average room rate: $322-369

Occupancy: 88%

 

Current market value: $227M

Gross Income: $28.89M

Expenses @ 55% of Gross Income: ($13M)

EBITDA - Hotel: $15.9M

Initial Annual ROI: 8%

 

Bank offering (asking): $94M

 

ALL CASH OFFER

 

 

 

 

 

 

 

[Steve Stern]

Is this the Wyndham ?

[Ross Holland]

May I have your contact information? I am checking with the mandate on this. [e-mail]