18331 &18315 Horace Harding Exp

Description

This premium hotel portfolio, located in the Fresh Meadows Auburndale community of 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, showcasing significant development potential. Both six-story buildings were constructed in 2018, A Franchised Marriott Hotel, with a total lot area of 44,919 sq ft (~4,173 sq m) and a combined gross floor area of nearly 100,000 sq ft (~9,235 sq m). The property offers 217 boutique guest rooms (124 at Courtyard and 93 at Fairfield), featuring a variety of room types including King beds, Queen beds, Double beds, and luxury suites. Situated in the high-quality District 26, the property holds an H3-class limited-service hotel ownership (affiliated with an international chain brand) and is zoned as R3-1/C1-2, supported by a well-established management system. - The 183-15 property includes a 2,578 sq m lot and a 5,315 sq m building. - The 183-31 property includes a 1,595 sq m lot and a 3,919 sq m building. With combined annual property taxes of approximately $950,000, this hotel asset boasts an excellent location, stable revenue performance, and professional brand operation, making it a highly attractive investment opportunity.