New York City Manhattan Hotel B
Tuesday, February 03, 2009
New York City (Manhattan) - Hotel B
Price: $112,000,000
Lower Manhattan. 158 rooms. 85,000 sq ft/200+ rooms.
Gross Income ('07 Actual): $13.4 Million
NOI: (on Actual) $ 6.9 Million
Occupancy: 92%
ADR: $268
Existing assumable mortgage: $38M 9 years left – in 2 years loan can increase to $60 Million
Taxes: $400K
Insurance: $200K
Franchise Fee: 2% Management Fee: 6% Management and Flag may be retired.
