Hotel for Sale in New York
Under Contract

63 Rooms independent hotel in Metro New York

This hotel is located in metro NY with 63 spacious guest rooms with a high barrier to entry due to its being in NY metro area.

The hotel is interior corridor and without brand and could be re branded to upside potential.

Based on the asking price of $ 7,300,000 and the Net Operating income of $ 777,8389 the CAP rate is 10% which is rare to find in this economic scenario. Above price is based on substantial reduction from the original asking price of $ 8,500,000.

The property amenities include:

• Outdoor swimming pool and spa tub
• Fitness equipment
• Laundry facilities
• Business center that offers email and fax services
• Wireless Internet access is complimentary in public areas

Guest rooms offer:

• Bathroom
• TV
• Kitchenette
• Refrigerator
• Coffee/tea maker
• Bottled water in room (complimentary)
• Microwave
• Wake up calls
• Housekeeping daily
• Turndown service (on request)
• Designer toiletries
• Bathroom telephone
• Makeup mirror
• Sewing kit
• Extra towels/bedding in room
• Jetted tub
• Complimentary toiletries
• Hair dryer
• Shower/tub combination
• Iron/ironing board
• Electronic/magnetic keys
• Desk
• Sofa bed
• Rollaway beds
• Cribs (infant beds) available
• Smoking rooms