Hotels For Sale in NYC - OFF MARKET Hotel Properties For Sale in New York - Hotel Development NYC

Hotel Real Estate News NYC

Hotel Market New York City

Manhattan Hotel Investments - Hotel Brokers in New York City

OFF Market Hotels in NYC - Discreet Acquisition/Disposition

Retain TOP Hotel Brokers of NYC NYC to Represent your Hotels For Sale in New York City to get the best return for your investments.

Qualified portfolio could bring on the sell more than $500,000 per room.

See our Latest Hotel Real Estate Market Report - 1st Quarter 2011

NYC Flourishing Hotel Market First Quarter Manhattan Hotel Market Report - 2011

Within the NYC hotel market, the first quarter of 2011 has been filled with endless activity and countless transactions. Indeed, New York City ranked as the top global city for foreign real estate investment for 2011. New York had made third place in the rankings during 2010.

January-March 2011 NYC Hotel Sales

The New Year started out on a promising note with the purchase of the Doubletree Metropolitan by U.S. billionaire Robert L. Johnson. RJ Development, controlled by Johnson, founder of the Black Entertainment Television network, paid $335 million for this Midtown hotel with its splendid architecture. Since 2008, Johnson’s company has bought three Manhattan hotels. Johnson purchased the Hilton Garden Inn at 63 W. 35th St. and the Fashion 26 Hotel at 152 W. 26th St. for more than $100 million each. RLJ Development President, Thomas J. Baltimore Jr., explained that the purchases fit the company’s investment plan to buy high-caliber real estate.

The Maryland-based DiamondRock Hospitality Company has been delving big-time into NYC developments during the first months

TOP Hotel Brokers of NYC Provides OFF Market Discreet Acquisition/Disposition Services for New York Hotel Properties

TOP Hotel Brokers of NYC continues to excel in offering hotel acquisition and disposition services in New York City. This esteemed company has been recognized for providing excellent services to hotel buyers and sellers. Their team specializes in OFF Market discreet acquisition and dispositions services with or without exclusive non obligation agreement. TOP Hotel Brokers of NYC offers a proven strategy for successful investment in New York City hotels.

TOP Hotel Brokers of NYC, an expert team offering hotel acquisition and disposition services in New York City, have expanded their investments and extended the company's portfolio to meet the growing demand of the Manhattan market. This professional and experienced group take pride in providing OFF market discreet acquisition and dispositions services - with or without exclusive non obligation agreement. TOP Hotel Brokers of NYC work with buyers and sellers in an ever-growing NYC hotel industry. Their team points to recent transactions in NYC hotel real estate as proof of this dynamic market.

Barry Sternlicht’s Starwood Capital has purchased 1414 Ave. of Americas in Manhattan for $72 million. Starwood Capital plans to convert the 110,000 sq ft, 18-story, almost 100 year-old building into a hotel. This purchase marks the first time in years that Starwood Capital has bought property to convert for the hospitality industry.

The famous New York Helmsley has been sold for $310 million to Host Hotels and Resorts. The company plans to spend $50 million on renovations. The 773-room E. 42nd St. hotel near Third Ave is part of the Harry Helmsley real estate legacy.

On January 26, boutique hotel owner and operator Morgans Hotel Group Co (MHGC.O) announced that they were selling two of its NYC hotels. Jones Lang LaSalle Hotels is handling the sale of the Royalton and Morgans hotels for the company which had total liabilities of $801.2 million (as of November 30, 2010). According to Reuters data, its market cap is $282.2 million.

On January 25, Choice Hotels International announced that the first two Cambria Suites would open in Chelsea and Times Square, NYC, in early 2013. With 194 suites, the Times Square hotel will be the largest Cambria Suites hotel to date.

On January 18, the DiamondRock Hospitality Company announced that it would acquire a NYC hotel property upon its completion in 2013. The development is underway at West 42nd Street in Times Square. Depending on the final number of guest rooms, the purchase price will range from $112.5 million to $135 million or almost $450,000 per room.

In early January, RLJ Development bought the Doubletree Metropolitan Hotel in Midtown for $335 million. The hotel sellers, Highgate Holdings, Oxford Capital Partners, Inc, Goldman Sachs Group Inc.'s Whitehall Real Estate Funds and Rockwood Capital LLC, made a hefty profit. The Whitehall-led group bought the hotel in 2003 for $110.5 million and spent $35 million on renovations.

Obviously, it is easy to understand why TOP Hotel Brokers of NYC is confident about the NYC hotel industry. Indeed, this knowledgeable team has backed up their belief in New York City hotels with action.

TOP Hotel Brokers of NYC has allocated funds of more than $100 million for immediate investment opportunity specifically for short notice distressed NYC hotels.

Of course, having faith in the New York City hotel scene and making things happen in the industry is nothing new to TOP Hotel Brokers of NYC. Their recent reports noted the renewed interest in the Manhattan hotel market.

"Hotel demand is on the rise. There is every reason to be optimistic about the future of New York City hotels. Buyers and sellers of NYC hotels – 2011 is your year." ~ 'TOP Hotel Brokers of NYC Delivers 'New Year' Edition – Successful Start for NYC Hotels'

"Investors are looking forward to revenue gains and a promising future in the NYC hotel industry," ~ 'TOP Hotel Brokers of NYC Releases Investors' Strategy for Growth in Manhattan Hotels'

TOP Hotel Brokers of NYC has a portfolio of over 30 active buyers in the NYC hotel real estate market with funding of over $2 billion. At present, this acclaimed company is accepting more representation contracts for discreet OFF market lodging sale of New York City hotels. Requested hotels include 3 and 4 star hotels, high end hotels, boutique hotels, and hotel development sites.

For immediate opportunities, buyers and sellers of New York City hotels can contact The Main Principal. Visit http://www.hotelsforsalenyc.com for the newest developments in New York City hotels. Hospitality investments are the wise choice in a thriving market.

About TOP Hotel Brokers of NYC:

TOP Hotel Brokers of NYC, a professional team of industry experts, are changing the face of New York City real estate. Their experienced staff specializes in sales and leasing of NYC properties. This established company handles sales for OFF MARKET hotels and Selected Class A Properties, residential buildings, Office Buildings, as well as 1031 exchange properties.

TOP Hotel Brokers of NYC offer exemplary service in all areas of NYC hotel real estate including:

Investing in New York City Hotels

Brokering - OFF Market ONLY (Discreet Dealings - Direct to our Buyer)

Hotel Financing

Due Diligence

Dispositions

Commercial Real Estate - acquisition advisory and brokerage

Hotel Portfolio Representation

Hospitality Approved Development Sites

Recommended by clients as a trusted source, this trained team prides itself on its confidential dealings with buyers and sellers. TOP Hotel Brokers of NYC buys hotels in New York City. With their expertise and knowledge, TOP Hotel Brokers of NYC always discovers the best deals in New York City real estate.