Hotel Marriott Queens New York

•     new hotel
•     opening January 2018
•     123 keys
•     95 suites
•     underground parking
•     restaurant
•     bar

The hotel consists of two houses which are combined by a tunnel - Marriott Courtyarf and Marriott Fairfield Inn & Suites.

The hotel is situated between the airports JFK and LaGuardia. It exists a contract with Marriott for 20 years (flag), no management or operator contract.

A contract with a management company is declined, but can be canceled when the hotel is bought.

USD $ 65,400,00,-

ROI: ca. 5 %

Marriott Courtyard with 123 keys - Marriott Fairfield Inn & Suites with 95 keys. The

hotels are adjacent to one another and share a common parking area.

Asking $300,000/key

183-15 HORACE HARDING EXPRESSWAY SR N, QUEENS 11365

Property Characteristics:

•     Lot Area: 27,755 sq ft (183.25' x 104.13')
•     Building frontage: 150' (Building frontage along the street measured in feet.) Floors: 6 Building Area:
•     57,217 sq ft
•     Primary zoning: R3-1 Commercial Overlay: C1-2
•     Floor Area Ratio: 2.06
•     Max. Allowable Residential FAR: 0.6
•     Max. Allowable Commercial FAR: 0
•     Max. Allowable Facility FAR: 1