Off Market hotel in Chelsea Manhattan

Asking Price$68,000,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.Not Disclosed

Price per Sq. Ft.Not Disclosed

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Off Market hotel in Chelsea Manhattan


Asking Price$68,000,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.Not Disclosed

Price per Sq. Ft.Not Disclosed

Property Description
Built in 2001 and opened in 2003, this select-service 21-story hotel contains 158 guest rooms featuring sweeping New York City skyline views. The hotel offers a fitness center, executive board room and a popular ground floor restaurant off the lobby called Westside Brew house which also operates the outdoor bar and patio.
This is an exceptional opportunity to own. The hotel enjoys an established presence in Chelsea, which is arguably one of the most sought after locations for hotels in Manhattan given the incredible growth Chelsea has been experiencing over the past years, and the proximity of the neighborhood to desirable areas such as Times Square, the Highline, the Flatiron District and Hudson Yards.
The hotel located six blocks south of Penn Station and Madison Square Garden, and is in a convenient location in terms of accessibility to other areas. Chelsea is in close proximity of other popular areas of Manhattan, such as Hell' s Kitchen, Times Square, the Garment District, Flatiron District, Union Square and the Meatpacking District.

* 158 rooms, 21 floors
* one year left on the lease
* union hotel: yes

Prospective buyers will need to provide proof of funds (POF) to obtain detailed information.
Listing Info
ID:
2111305
Listing Views:
4493

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Property Listed by: May Tru International Realty Corp

Listing ID: 2111305 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.