New York Two Hotels For Sale, Manhattan and NY State

Locations: 1. Midtown Manhattan and 2. Westchester NY

Names: TBA

No. of Keys: 1. 200 (30 rooms, remainder all-suite) 2. 450

The Properties: A portfolio of two properties, Manhattan being unbranded, with Westchester branded under major chain that can be relinquished. The owning family are looking to dispose due to patriarch retirement.

Manhattan very close to Rockefeller Centre, Central Park, Radio City Music Hall etc. Rooftop bar and lounge.

Westchester, home to many corporate HQs such as xx, set in 37 acres of grounds with two pools – outdoor and indoor,fitness centre, tennis, jogging and walking trails. Many meeting rooms to accommodate upto 1,000 people, as well as outdoor space to hold 200 people. MA

Main Photo: The NY skyline

Tenure: Both freehold

Brand/Management: Both can be brand-free

Financials: Full financials available upon signing a NDA and LOI

Current Owner: Private owner

Agent: Local agent who will meet with you and discuss options, in partnership with The Hotel Property Team

Guide Price: Both TBA – Manhattan north of US$200m; Westchester around $45m

Date Posted: December 2019

THPT Comment: A unique opportunity to add two serious NY properties to your hotel portfolio. The owner has other non-hotel assets that might also be available as a separate transaction.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.