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Holiday Inn Hotel for sale in Long Island City

Address: 39-02 20th. St., Long Island City, NY 11101

This subject property, commonly known as Holiday Inn LLC-Manhattan View, is the leasehold position of a 16-story, 136-room, full-service lodging facility built in 2008. The property was completely rehabbed recently in 2023-2024 and was in good condition at the time of inspection. The subject property features all basic services for a property of this type, and offers amenities including a restaurant, fitness room, business center, sundries vending machine, meeting space, vending and ice machines. This property is located in the southeast corner of the quadrants formed by the intersection between 39th Avenue and 29th Street in Long Island City, Queens, New York. The hip, artistic neighborhood has very good access to the area's primary demand generators and ancillary amenities, including corporations like Citicorp, Rolex and JetBlue. Additionally, the subject is conveniently located one block west from the MTA 39th Avenue Subway Station East River (N and W lines), which facilitates direct access to Midtown Manhattan.

Options:

a) Is to buy it as a leasehold ownership with 99 years lease, monthly rent is: $110,000. This ownership will cost you $35 Millions.
b) Is to buy it as fee simple ownership where the lease will not apply since you own the building and the ground. This price is :$65 Millions.

We have a Bank who can offer most of this financing if necessary.

The Hotel is now closed and just waiting for a righteous new owner. Please do your own due diligence.

Should you have any Additional questions or need further clarification do not hesitate to contact me At: (626) 290-5623.

Purchase Price: $65,000,000 Plus 6% Buyer's Premium Fee.