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Best Western Bowery Hotel for sale in Chinatown and Little Italy

TWO HOTELS FOR SALE IN CHINATOWN MANHATTAN, NY

BEST WESTERN BOWERY HANBEE HOTEL " Presently leased to the City for migrants"

Gross income is: $12,500,000.00, Plus $2,000,000.00 from GF retails. Total: $14.500,000.00

"These are both Unionize Hotel"

Total rooms for both are : 101 Plus 77 = 178 Keys.

Address: 231-233 Grand Street, New York, NY (Corner of Bowery Street)

Lot Size: 81*104 Building Size: 81x104 Stories: 8

Description:
The hotel and retail corner building is conveniently located on the corner of Bowery Street and Grand Street Downtown Manhattan and is an unionized hotel.
Both Hotels were newly built and opened since 2008 and closed since 2020 due to pandemic until now. This building has approximately 50,000 sqft., It has 8 stories with 101 large guest rooms. Hotel's lobby and front desk area is on 2nd floor. Because of the large floor plate, it has large outdoor terrace and rooftop which is currently unused adding potential for rooftop bar business etc. The ground floor 2 bank tenants were paying $2 millions triple net per year, but one bank lease has expired and has left and currently vacant. The structural and floor and wall are in solid and great condition.

Purchase Price: $ 80,000,000 Plus 6% Buyer's Premium Fee.

NOTE:
We do have Multi-Family apartment complexes, and hotels available for sale. All properties are Off Market including Hotels in New York and other States with purchase offers as: Cash For Keys, JV, Assumable Loans, Owner Financing. If you are looking to invest in California Or any other State, I am the guy to help you out to find Industrial, Commercial, Residential, RV Parks, Mobile homes Parks, Resorts, Buildable Lands, Casinos, Etc.

Any Questions, Please Do Not Hesitate To Contact Me. Tony Flamenco (626) 290-5623