looking for a hotel/ motel to buy

Started by slcrealty

about 13 years ago

Posts: 0

Member since: Jun 2009

Discussion about

have a client who wants to buy a hotel with 50 to 70 rooms anywhere in Manhattan. Budget max: 10millions. If you have anything that could that description please email me at sally@slcrealtyny.com thanks Sally

Response by alanhart

about 13 years ago

Posts: 12397

Member since: Feb 2007

http://tinyurl.com/m3tn8o

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Response by alanhart

about 13 years ago

Posts: 12397

Member since: Feb 2007

http://tinyurl.com/m3tn8o

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Response by Guywithcat

about 13 years ago

Posts: 329

Member since: Apr 2011

50-70 rooms for $10mm? Is your client on drugs?

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Response by Eric_14

about 13 years ago

Posts: 93

Member since: Sep 2011

Actually, I think they're looking for a seller who is on drugs.

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Response by ab_11218

about 13 years ago

Posts: 2017

Member since: May 2009

i have one....... it haa the 60 japanese size rooms.... oh wait, they are called drawers :)

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Response by Consigliere

about 13 years ago

Posts: 390

Member since: Jul 2011

Seriously?

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Response by truthskr10

about 13 years ago

Posts: 4088

Member since: Jul 2009

I don't see how it would be possible to buy a hotel at less than $300K per room.

THis is about as well as you'll do...
http://www.loopnet.com/Listing/17943708/50-Mulberry-Street-New-York-NY/

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Response by needsadvice

about 13 years ago

Posts: 607

Member since: Jul 2010

truth: Did you see this one on loopnet?

Hotel, Office, or Condo Site for SaleNew York, NY
ID: 15865943. JOINT VENTURE OR SALE. Owners are looking for 15% ownership in new hotel. The Property currently consists of a 5-story ...
$9,000,000
7,800 SF Bldg
68 Rooms
Residential (land)

Last one on this page http://www.loopnet.com/xNet/MainSite/Listing/Search/SearchResults.aspx#/New-York,NY/Land/For-Sale/c!ARUIBQAAAQ

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Response by alanhart

about 13 years ago

Posts: 12397

Member since: Feb 2007

Sounds like a shell (although I didn't drill down past listings page).

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