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Properties for sale



TOTAL PURCHASE PRICE: NOW - $658M + 4%

WAS - $804M + 4%



(SPECIAL PRICING FOR ALL 9 HOTELS IN THE PORTFOLIO)

FOR INDIVIDUAL PRICING PLEASE SEE BELOW



SUMMARY OF PORTFOLIO:



3 STAR - FOUR POINTS MANHATTAN DOWNTOWN FINANCIAL DISTRICT - STARWOOD



LOCATION:

6 PLATT STREET, NEW YORK, NY 10038



PURCHASE PRICE: $169M + 5%



Stories: 28 261 Rooms Non-Union CAP: 5-6% Per Key: 648K

Four Points Manhattan Downtown Financial District is located between Gold Street & Pearl Street in Financial District in Manhattan. It was built in 2012 and opened in June 2015. The hotel boasts 119.23’ frontage on Platt Street, and is equipped with 261 rooms, a Business Center, a state-of-the-art Fitness Center and a Rooftop Bar.

The hotel is within walking distance to the South Street Seaport, Wall Street , the New York Stock Exchange, Federal Reserve Bank of New York, Pace University, restaurants, shops, and galleries. Also nearby is the Freedom Tower, the National September 11 Memorial, World Trade Center Museum, Battery Park City, TriBeca, Chinatown, Little Italy and SoHo.



3 STAR - FOUR POINTS BY SHERATON MANHATTAN CHELSEA



LOCATION:

160 WEST 25TH STREET, NEW YORK, NY 10001



PURCHASE PRICE: $95M + 5%



3 Star Keys: 158 CAP: 6.00% Per Key: 601K

Built 2001, Opened 2008

Existing Flag [Starwood] - Can be cancelled for $1.5M

Non Union

Four Points Sheraton Chelsea, located 2,100 feet from the Flatiron Building and Madison Square Park. Guests can enjoy an Irish food and local craft beers at the Westside Brewhouse.

The Museum at FIT is 550 feet from the property and Chelsea Waterside Park is 0.8 mi from the property.

Chelsea is a great choice for travelers interested in architecture, parks and culture. Stay close to the action in one of New York Citys hippest neighborhoods. There is no need to go far to find a popular restaurant, gallery or variety of businesses. The great Chelsea location also makes it easy to explore using public transportation.



3 STAR FAIRFIELD INN & SUITES NEW YORK MANHATTAN/FIFTH AVENUE



LOCATION:

21 WEST 37TH STREET, NEW YORK NY 10018



PURCHASE PRICE: $56M + 5%



Stories: 17 Non-Union CAP: 6.2% range NOI: $3.47M in 2016

Fairfield Inn & Suites New York Manhattan/Fifth Avenue was built in 2007, opened in 2009 and features 92 rooms.

It is just off Fifth Avenue in the heart of Midtown Manhattan. It is close to Times Square, Theatre District, Bryant Park, Empire State Building, Madison Square Garden, Rockefeller Center, luxury shopping on 5th Avenue and restaurants. The hotel is located just a few minutes from the Port Authority Bus Terminal, Penn Station and Grand Central Station.



3 STAR - ALOFT MANHATTAN DOWNTOWN - FINANCIAL DISTRICT



LOCATION:

49-53 ANN STREET, NEW YORK, NY 10038



PURCHASE PRICE: $79M + 5%



Stories: 18 Rooms: 125 Non-Union CAP: 5-6% Per Key: 632K

Aloft Manhattan Downtown - Financial District is located between Nassau Street & William Street in touristy Fulton/Seaport area in Manhattan. It is a brand new construction hotel, built in 2012 and opened on April,2015.

The hotel Features 57.17 wide frontage, 125 rooms and Dining options at this hotel include a W XYZ bar/lounge and a snack bar/deli.

The hotel is within walking distance of Pace University, South Street Seaport, City Hall and Federal Reserve Bank of New York. Also nearby is the Freedom Tower, The National September 11 Memorial , Battery Park City, TriBeca, Chinatown and SoHo.



3 STAR - HAMPTON INN MANHATTAN SOHO



LOCATION:

54 WATTS STREET, NEW YORK, NY, 10013



PURCHASE PRICE: $99M + 5%



Stories: 18 Rooms: 160 Non-Union CAP: 5%-6% range Per Key: 619K

Hampton Inn Manhattan Soho was built in 2006 and opened in 2008. It is conveniently located between 6th Avenue and Varick Street near subways (Trains) and NYC metro bus lines in Vibrant SoHo location. Hampton Inn features 62.4’ wide frontage, the Artifackt Bar & Lounge with a rooftop terrace on the 19th floor that offers views of the City and Hudson River.

Only a few blocks away from the heart of SoHo, Hampton Inn Manhattan SoHo hotels are within a five-minute walk from historical cast-iron buildings, art galleries, high-end boutiques, and some of the city’s best restaurants. The hotel is one block from Canal Street shopping and walking distant to Greenwich Village, Tribeca, Little Italy and Chinatown.

In lower Manhattans trendy SoHo neighborhood, Hampton Inn Manhattan Soho is on the fringe of Tribeca and puts you within easy reach of Chinatown and Little Italy. Washington Square Park is a 15 minute stroll and the Empire State Building 20 minutes away by subway.



3.5 STAR - FOUR POINTS BY SHERATON MANHATTAN SOHO VILLAGE



Location:

66 Charlton St, New York, NY 10014



Purchase Price: $95M + 5%



Stories: 20 150 Keys Non-Union CAP: Approx 5%-6% Per Key: 633K

Four Points by Sheraton Manhattan Soho Village was built in 2006, opened in 2008 and is located between Varick Street and Hudson Street in downtown New Yorks most fashionable district. It boasts the perfect location to all the trendiest boutiques, national department stores and exquisite restaurants this neighborhood has to offer. This hotel has close proximity to the trendy neighborhoods such as West Village, Chinatown, Little Italy, TriBeCa and Chelsea. It has 51’ frontage and has the San Marino Ristorante on the ground floor. The Houston and Spring Street subway stations are 1-2 blocks away and High Line is a 20 minute walk.

SoHo: Only a few blocks away from the heart of SoHo, the Four Points by Sheraton Manhattan SoHo Village is within a five minute walk from historical cast-iron buildings, art galleries, high-end boutiques, and some of the city’s best restaurants.



3 STAR - FAIRFIELD INN BY MARRIOTT NEW YORK MANHATTAN CHELSEA



LOCATION:

116 WEST 28TH STREET, NEW YORK NY 10001



PURCHASE PRICE: $69M + 5%



Stories: 17 110 Rooms Non-Union CAP: Approx 5%-6% Per Key: 621K

Fairfield Inn & Suites by Marriott New York Manhattan/Chelsea is located in between Avenue of the Americas (6th Ave.) and 7th Avenue on 28th Street in Chelsea. This modern hotel with 40’ frontage was built in 2010.

The hotel is a 5 minute walk to Madison Square Park and 10 minutes to the Empire State Building. Grand Central Station is 20 minutes via subway from the nearby 28th Street station and Central Park is a half-hour stroll north.

The Chelsea area has upscale retail stores and modern art galleries. The High Line, a former elevated freight railroad, has been transformed into a 1.5 mile park that hugs the Hudson River. Bolstered by the development of the High Line and a change in zoning resolution, new developments have started to alter the Chelsea’s skyline. A popular destination for brunch and shopping for tourists and the trendy, Chelsea is a neighborhood on the move that maintains its historic charm.



3 STAR - SOLITA SOHO HOTEL



Location:

159 Grand Street, New York, NY 10013



PURCHASE PRICE: $27M + 5%



Stories: 12 42 Rooms Non-Union CAP: 5%-6% range Per Key: 643K

The Solita Soho, an Ascend Collection Hotel is located on Grand Street between Lafayette Street and Centre Street in Little Italy / SoHo area. It was built in 2002 and has 42 rooms.

The hotel sits right at the junction of three lively Lower Manhattan neighborhoods: on Grand Street, where vibrant SoHo gives way to Chinatown, just steps from Little Italy. Restaurants, bars, galleries, and boutiques are all within a few blocks. Canal Street of Chinatown, with its street vendors and open storefronts, is less than a 5-minute walk away.



3 STAR - FAIRFIELD INN NEW YORK MANHATTAN/FINANCIAL DISTRICT



LOCATION:

161 FRONT ST., NEW YORK, NY 10038



PURCHASE PRICE: PRICE: $115M + 5%



Stories: 31 177 Rooms Non-Union CAP: 5%-6% range Per Key: 650

Fairfield Inn New York Manhattan/Financial District is located near the South Street Seaport, Wall Street, FDR Drive, Freedom Tower and Brooklyn Dumbo, and has easy access to the Statue of Liberty, TreBeca, Battery Park City, Little Italy, SoHo and Greenwich Village . This hotel is situated at the corner of Fletcher Street and Front Street in the Financial District.

It was built in 2012 and opened in April 2015.

Financial District is a neighborhood on the rise with a tremendous amount of Real Estate development, redevelopment and existing skyscrapers of office buildings. High end shopping such as Hermes, Thomas Pink, Tiffany’s and Tumi can be found in the area.



ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST.

SERIOUS INQUIRIES ONLY.



Buyers are advised to do their own independent due diligence and research before commuting with the purchase



PLEASE, NO TRANSACTIONAL FUNDING.



REQUIRED - FOR FINANCIALS OR TO MAKE AN OFFER:

1. SIGNED NDA

2. LETTER OF INTENT

3. POF (BANK OR FUND STATEMENT)....NO EXCEPTIONS!



photo for illustration purpose only

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