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709163 | New York 5* Hotel Year 2019: 6.7% (Projected) 225+

New York 5* Hotel Year 2019: 6.7% (Projected) 225+
Type: buy
PriceAmerican $245,140,000.00
Seller
Quantity: 1
Availability: yes
Location: Manhattan , New York, United States

New York 5* Hotel Year 2019: 6.7% (Projected) 225+ key [ 30+ suites, 190+ standard] Occupancy Rate ? 90% Has nice views of Central Park, New & modern Eco-conscious hotel in the USA.


§ 225+ key [ 30+ suites, 190+ standard]
§ 4 yrs. old
§ Nonunion
§ To move forward buyer to provide LOI with proof of funds and bios
§ Nice projected cap rates of over 6%.
§ Revenue ? $32mm
§ RevPAR ? $320
§ Occupancy Rate ? 90%
§ New restaurant called ?just opened. Brings in big
revenues.
§ Below are the expected annual cap rates based on the asking price § Cap Rates:
§ Year 2016: 5.6% (Actual)
§ Year 2017: 6.0% (Projected)
§ Year 2018: 6.2% (Projected)
§ Year 2019: 6.7% (Projected)
§ Revenue ? $32mm
§ RevPAR ? $320
§ The above has probably improved. It was based on 75% occupancy in 2016.

Has nice views of Central Park.

New & modern Eco-conscious hotel.
Over 90% occupancy rate!! (as of July 2017)

New York 5* Hotel Year 2019: 6.7% (Projected) 225+ key [ 30+ suites, 190+ standard] Occupancy Rate ? 90% Has nice views of Central Park, New & modern Eco-conscious hotel in the USA.

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