Off-Market Deal in Long Island
Price$36,000,000
Investment Highlights
Long Island full-service branded hotel with 360 keys, 18,000 SF of meeting/event space, indoor & outdoor pools, restaurant/lounge, fitness center, and ample parking. Operating at ~64% occupancy with $171 ADR, generating ~$21M revenue and ~$3.3M NOI. Value-add opportunity through renovation and operational improvements. Ownership estimates ~$9M in guest room upgrades, with expected brand participation in renovation costs. Asking: $36M (9% cap) negotiable
Location
📍 Long Island
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.