APP Real Estate
For sale

📍 18331 Horace Harding EXPY, Fresh Meadows, NY, USA

Hotel for Sale in Fresh Meadows – NY

$29,880,000

Overview
  • Bedrooms: 217
  • Bathrooms: 217
  • Size: 44.919 m²
  • Price: $29,880,000
Description

This premium hotel portfolio, located in the Fresh Meadows Auburndale community in New York, comprises two modern buildings (183-15 and 183-31 Horace Harding Expy) with an annual revenue of $13 million and a sustained growth trend, demonstrating significant development potential. Both six-story buildings were constructed in 2018, one a Marriott Franchised Hotel, with a total land area of 44,919 sq ft (~4,173 m²) and a combined gross area of nearly 100,000 sq ft. The property offers 217 boutique rooms (124 at the Courtyard and 93 at the Fairfield), featuring a variety of room types including King beds, Queen beds, Double beds, and luxury suites. Situated in the high-quality School District 26, the property boasts a Class H3 limited-service hotel property (affiliated with an international network brand) and is zoned R3-1/C1-2, supported by a well-established management system. - The 183-15 property includes a 27,755 sq ft lot and a 54,944 sq ft building. - The 183-31 property includes a 17,164 sq ft lot and a 42,186 sq ft building. With combined annual property taxes of approximately $950,000, this hotel asset boasts an excellent location, stable revenue performance, and professional

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