Overview
This premium hotel portfolio, located in the Fresh Meadows Auburndale community of New York, comprises two modern buildings (183-15 and 183-31 Horace Harding Expy) with an annual revenue of $13 million and a sustained growth trend, showcasing significant development potential.Both six-story buildings were constructed in 2018, A Franchised Marriott Hotel, with a total lot area of 44, 919 sq ft (-4, 173 sq m) and a combined gross floor area of nearly 100, 000 sq ft (-9, 235 sq m). The property offers 217 boutique guest rooms (124 at Courtyard and 93 at Fairfield), featuring a variety of room types including King beds, Queen beds, Double beds, and luxury suites.Situated in the high-quality District 26, the property holds an H3-class limited-service hotel ownership (affiliated with an international chain brand) and is zoned as R3-1/C1-2, supported by a well-established management system.- The 183-15 property includes a 2, 578 sq m lot and a 5, 315 sq m building.- The 183-31 property includes a 1, 595 sq m lot and a 3, 919 sq m building.With combined annual property taxes of approximately $950, 000, this hotel asset boasts an excellent location, stable revenue performance, and professional brand operation, making it a highly attractive investment opportunity.