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

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










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Is this the Wyndham ?
May I have your contact information? I am checking with the mandate on this.


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