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Trottie McQueen
  • Rental Property Investor
  • Houston, TX
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Hilton Hotel Airport Hotel JFK Queens

Trottie McQueen
  • Rental Property Investor
  • Houston, TX
Posted Oct 5 2016, 15:03

This 356 room hotel located at the busiest airport in the USA is back on the market. Deal fell through and the hotel is for sale! Located ¼ mile from JFK airport this hotel is the prefect base for enjoying everything NYC has to offer. The hotel has an extensive of onsite services, such as an indoor pool, fully equipped fitness center. Fantastic restaurant with international cuisine or traditional fare, sports bar. The hotel also has 6,300 square foot meeting and banquet facilities, including a luxurious ball room, for weddings or any special event. Nearby many corporate offices also for your business executives flying into town.

Following are general facts of the hotel.

Price- $100,000,000 + buyer’s fee of 3%

Rooms- 356 rooms

Sq. feet- 439,000

NOI- $7.0 M

ADR- $170

Occupancy Rate- 90%

$68 M assignable mortgage at 5%, (if wanted) if cash deal disregard.

Amenities:

-24 hour concierge

-Room service dining

-Restaurant- seating 144

-Sports bar

-Fitness center

-Indoor swimming pool

-Banquet room

-Ball room

-Business meeting room

-Business center

Requirements for additional information, access or offer:

-Financials available after signing NDA (available upon request and signed by buyer principal).

-Non-binding LOI, provided on buyer's company letterhead and signed by the buyer principal.

-Proof of funds.

Offering