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708764 | Bargain Sales Discounted 10M 4 Star Hotel 190 + K

Bargain Sales Discounted 10M  4 Star Hotel 190 + K
Type: buy
PriceAmerican $111,300,000.00
Seller
Quantity: 1
Availability: yes
Location: NY, New York, United States

Bargain Sales Discontent 10M  4 Star Hotel 190 + Keys Cap 4.72%  New to Market at Times Square , Union?but restaurant nonunion in the USA.

4 Star Hotel New to Market at Times Square

Cap 4.72%    190+ keys
Union?but restaurant non union

                        2017                  2018
Room Rev   $11,279,648    $18,523,783
Occupancy      89.70%            90.02%
ADR                $273.45            $292.10
Rev Par           $245.28             $262.95
NOI               4,100,000         5,000,000

To move forward:

 

-       Buyer / Buyer Rep to sign asset specific NCND/MFA

Buyer to submit Non-binding LOI and POF to connect with seller

 

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