Friday, March 4, 2016

Hotel for Sale

Currently Listed on LoopNet:

Off-Market Brooklyn Hotel for Sale

- 70-13 Austin Street is the corporate office.
- Brooklyn Hotel is located only 30 minutes from Downtown Manhattan.
- Fast growing Brooklyn neighborhood with new commercial developments under construction.
- NOI is over $2,000,000 per annum.
- Building can be sold with or without hotel operation. Interested buyers must sign a NDA to obtain hotel address, financial documents, and further details.

Broker cooperation welcome.

From the picture of a hotel room & the number of rooms listed, I'm guessing it's the Best Western Plus Prospect Park Hotel ("Prospect Park just around the corner"), at 764 Fourth Avenue (26th Street), which opened in 2011.  And what's the asking price? $39,500,000. 

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