New Eight-Story Seventy Key Branded Hotel Available ($25MM), Prime Corner in Heart of NYC Artistic Community

08-Jun-2022

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.

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22k sf, 4,370sf lot, (.10-acre), 5 FAR, 70 Keys, *Price Negotiable

This is a newly built eight-story seventy key boutique hotel available for sale ($25MM).  The hotel is flagged with one of the top hotel companies in the world and therefore will generate consistent cash flows.  The hotel brand is ranked in the top tier of NYC hotels for travelers by hotel ranking sites.

This hotel will operate under a 20-year franchise agreement with a 3%-5% annual franchise fee for the use of the global hotel brand.  The seventy key boutique hotel was recently completed in May 2022 and features a restaurant, roof top bar/lounge, an athletic studio, a business center, and a market pantry.   There is also an off-site parking garage.                       

The hotel is situated in a prime corner of one of the fasting growing neighborhoods in NYC.  The hotel rooms have high quality air and light amenities and overlook one of the top artistic communities in NYC.  It’s surrounded by restaurants, fitness clubs, supermarkets, hip bars and cafes; providing guests convenient access to entertainment and amenities.  The property is conveniently located a few blocks away from multiple transit stations for easy access (10 minutes) to midtown Manhattan.            

Hotel guests and investors alike will mutually benefit from the property’s close proximity to multiple recently completed luxury residential condo complexes which adds new residents and draws new retailers to the community.  The hotel is also within walking distance to a museum and waterfront park providing incredible views of NYC and outdoor recreational activities. 

This property is ideal for long term investors who value stable branded income producing commercial assets in trendy NYC neighborhoods that still have plenty of upside potential. Hotel assets are terrific tax shelters and inflation hedges.   

Using recent comparable sales in the area we derive the following fair market value for the property:

$28MM-$30MM / $400K to $424K per key

*The owner is willing to sell this hotel for around $25MM. Price is negotiable.

Projected total annual revenue = $5MM, net annual income = $1.7MM / ADR = $189 / RevPAR = $170

Projected year 10 revenue = $6.3MM / net income $2.2MM



Oxstones Real Estate, www.Oxstones.com  CRE@Oxstones.com

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