2. We are pleased to present a confidential off-market opportunity to acquire a unique Hotel asset in New York,
a four star property, located in Long Island City, NY.
CONFIDENTIAL
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DISTRIBUTION
IS
STRICTLY
PROHIBITED
3. The razor-thin profile of the 11 story, 75,000 square foot tower is clad in
graphite masonry, charcoal stucco and black metal screens that play on the
character of this emerging industrial neighborhood. The exterior palette carries
consistently into the 100 guest rooms, complimented by custom furniture and
swaths of textured bronze fabrics lit from concealed coves. Every aspect is
precisely designed from the gritty façade to the warmth of its aerie interiors, from
the massing of the tower, to the stitching of chairs, to create a singular and
cohesive statement, and an intriguing lodging alternative.
Open 2011
Rooms
100
DeLuxe King rooms
239sq.ft.
Superior Queen rooms
229sq.ft.
Superior Twin rooms
229sq.ft.
Asking Price $45,000,000.00
Est. Cap rate 5.55%
Occupancy 87%
ADR $285.00
RevPAR $247.95
YOY % 11.5%
Total Keys 100
NOI $2,500,000
$ 1 Key $25,000
4. Designer Andres Escobar took over the interior
design of the hotel and delivered "a Transit Theme
with European Flair and Jazz Age Ambiance” .
The hotel is itself a destination and is currently
under management by an experienced hospitality
service group.
6. The building design for this boutique hotel locates all rooms fronting a spectacular view of Manhattan.
All Floor-to-ceiling windows look out to Manhattan. Guest rooms feature floors with radiant heat and
all have rainfall showerheads, minibars, free Wi-Fi, LCD TVs, iPod docks and free long-distance calls.
The 11-story, Andre Escobar-designed hotel offers Manhattan-like amenities, with 100 rooms featuring
floor-to-ceiling windows all facing the city’s skyline, a 5,000-sq.ft. rooftop and an eclectic décor.
7. Amenities include a 24-hour business center, in-room fitness, Yoga and Spa sessions, free bicycle rentals and an hourly Shuttle into Manhattan.
The hotel also features a garage, retail space and two dining venues, one Italian restaurant and the rooftop bar / restaurant.The underground
restaurant serves all meals, the rooftop lounge serves cocktails and snacks at night.
8. Long Island City has attractions such as MoMA PS1, an affiliated with the Museum of Modern Art, the Museum of the Moving Image
and the new Roosevelt Island Tech Campus from Cornell University. Customers from the neighborhood film and TV production facilities
Silvercup Studios, and young professionals from Citigroup's office Tower are frequent patrons.
9. Prominent Developers have a number of projects going up in the LIC neighborhood. the redevelopment is marching overtaking the Court
Square area as new luxury towers rise to take their places. In 2013 the Hunter's Point Waterfront Park and East-River Promenade opened,
completing the area's transformation from post-industrial area to mixed-use residential community. Long Island City has attracted other
Hotel brand names.The Four Points by Sheraton and the Holiday Inn opened there last year. Marriott introduced a Fairfield Inn & Suites,
the Wyndham and Hilton Garden LIC-Manhattan made its debut in April.
