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

Especially since the beginning of 2011, NYC hotels have become the favorite of smart investors. Confidence in the NYC hotel industry is growing in leaps and bounds. TOP Hotel Brokers of NYC, a prestigious NYC company handling hotels for sale in New York, hotel acquisition/disposition, hotel financing, hotel joint venture, and 1031 exchange hotels, as well as Hotel Real Estate Investment Trust (REIT), explains the reasons behind the recent increase in transactions.

New Summer Market Report Hotels For Sale in NYC - TOP Hotel Brokers of NYC Reports on Revitalized Spring and Summer NYC Hotel Market

10 Reasons Why NYC Hotels Appeal to Investors New York City can support countless hotels in several categories - from budget to luxury properties. New York City is an expansive metropolis with the largest population in New York State. The Big Apple is the business center of the US. NYC industrial and business growth exceed expectations on a consistent basis. Further economic development is expected within New York City in the future. As the hub of industrial and business activities, this global center will continue to attract visitors. NYC attractions draw millions of tourists on an annual basis. The demand for hotels continues to grow in New York City. Investing in NYC hotels is not a risky move. New York City is an established, historically-sound market.

How To Find - NYC Hotels For Sale

TOP Hotel Brokers of NYC reveals that there are plenty of hotels for sale in New York City and now is the best time to invest in the industry. Hotel investment opportunities abound in this thriving metropolis. The NYC hotel sector is experiencing a never-before-seen boom in business.

Finding hotels for sale in NYC is not a complicated process. Check out the latest hotel deals with the help of TOP Hotel Brokers of NYC. With more than two decades of experience in the industry, this expert team 'know' hotels in New York City. The company is familiar with all NYC hotel properties and the different factors that would influence an investor's decision including location, significance, and profitability.

During 2011, hotel investment has been very competitive in the New York City market. Overall sales have exceeded previous estimates. The current growth is expected to continue in the coming years.

NYC Hotels For Sale Releases Details of Recent NYC Hotel Transactions

• In early June, LaSalle Hotel Properties announced their intentions to acquire the 934-room Park Central Park on Seventh Avenue in midtown Manhattan for $405.5 million. The deal should close in late 2011.
• Recently, Morgans Hotel Group Co. closed the sale of two Midtown Manhattan hotels – Royalton and Morgans. The buyer was an affiliate of FelCor Lodging Trust Inc. and the sale price was $140 million ($496,000 per room). Morgan Hotels will continue to operate both hotels under a long-term (15-year) management agreement.
• The 597-room Paramount Hotel, one of the biggest boutique hotels in the hotel industry, has been sold to developer Aby Rosen for $275 million. The Paramount is a landmark property - one of the first hotels opened by former nightclub impresarios Ian Schrager and Steve Rubell.

Contact TOP Hotel Brokers of NYC for NYC Hotel Investments

TOP Hotel Brokers of NYC Deals Directly with Principals and Investors

OFF MARKET Hotel Investment NYC

TOP Hotel Brokers of NYC ~ Tel: 646-403-4441 or email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it

• Hotels For Sale in New York
• Hotel Acquisition / Disposition
• Hotel Financing
• Hotel Joint Venture
• 1031 Exchange Hotels
• Hotel Real Estate Investment Trust (REIT) Investment locating services

The Big Apple saw record tourism last year. Generally, the hospitality industry has undergone improvements. In fact, Michael Stoler, president of New York Real Estate TV LLC and a managing director at Madison Realty, has confirmed the popularity of investing in NYC hotels. Several properties are owned by local independents. Within this asset class, the most active participants are real estate investment trusts and private-equity funds.

Obviously, New York City hotels do not come at bargain basement prices. Although it is possible to get a deal, savvy investors are not dissuaded anyway by prices for hotels in the Big Apple. Owning a piece of the NYC hospitality sector is a wise investment. Major centers like New York are historically-sound real estate markets.

Who is investing in NYC hotels?

• In October 2010, LaSalle Hotel Properties acquired interest in Hotel Roger Williams for $90 million and an additional $4.5 million for the 193-room hotel situated at the corner of Madison and 31st Street ($489,637 per key).
• In September 2010, DiamondRock Hospitality Co., a self-advised REIT, bought the 169-room Hilton Garden Inn Chelsea for almost $69 million ($408,284 per key). In January 2011, the company entered into a purchase and sale agreement to acquire a new hotel (upon completion in 2013) on West 42nd Street in Times Square. Depending on the final number of rooms, the contractual purchase price will come in between $112.5 million and $135 million ($450,000 per room).
• At the beginning of the year, U.S. billionaire Robert L. Johnson, purchased the Doubletree Metropolitan for $335 million. Since 2008, Johnson’s company has bought three Manhattan hotels.
• Starwood Capital Group, a privately-held global investment firm, and New York-based Tribeca Associates purchased the site of the former Donnell Library on West 53rd Street. The new owners plan a $400 million hotel-condominium-library.
• In mid-February, Michael Steinhardt and his investment partner, Allan Fried, bought the two former American Stock Exchange buildings for $65 million. The partners plan a retail complex, 174-room boutique hotel, and 60-storey residential tower.
• At the end of March, Host Hotels & Resorts, a S&P 500 and Fortune 500 company and the largest lodging REIT, bought the 775-room New York Helmsley for $570 million ($735,483 per key).
• The REIT Felcor Lodging Trust is a new entrant with 83 hotels and resorts in Canada and the US including the Embassy Suites in Parsippany and Secaucus, NJ. On April 4, Felcor announced its plans to purchase the Royalton Hotel and Morgan Hotel from Morgan's Hotel Group at a price of $140 million ($496,453 per key).
• Hersha Hospitality Trust, a REIT with interests in 76 hotels, owns 11 Manhattan properties and one establishment in Brooklyn. Over the past year, this REIT has purchased three hotels in Times Square for a price of $165 million (284,000 per key). Hersha Hospitality Trust bought the Hampton Inn Times Square South, Holiday Inn Express Times Square, and Candlewood Suites Times Square, as well as the Holiday Inn Wall Street for $34.8 million ($308,000 per key).

And More NYC Hotel Investments…