Off-Market OfferingOff-Market Deal in Long Island
$36,000,000
Asking 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
James Smith
Listing contact · Verified on Crezly
Inquire / make an offer:
https://www.crezly.com/property/long-island-hotel/
https://www.crezly.com/property/long-island-hotel/
Prepared via Crezly Marketplace (crezly.com) from owner/broker-supplied information and NYC public records. Information deemed reliable but not guaranteed; buyers must independently verify. Not an offer, solicitation, or investment advice.