Sunday, May 20, 2012
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Listing Details - LAGUARDIA AIRPORT HOTEL DEVELOPMENT SITE

LAGUARDIA AIRPORT HOTEL DEVELOPMENT SITE
(Construction Related, Construction-Excavation/Site Prep; Lodging, Hotels)

QUEENS , NEW YORK - New York, Queens

Seller Financing: No
Lender Pre-Qualified:
Listing ID: H37289
Status: Active

Listing Details

Listed Price: $5,200,000
Down Payment:
Total Sales:
SDE:
EBIT:
EBITDA:
FFE: Included?
Real Estate: $5,200,000 Included? Yes
Inventory: Included?
A/R: Included?
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Contact Information
Mel Lisiten
Office:
Cell:
Fax:
Email: mel1real@aol.com
Send Email To Agent
Reason for Sale: PRESENT OWNER HAS OTHER INTERESTS
Training:
Financing Terms:

Operations

Year Established:
Last Acquired:
Form of Ownership: LLC.
Home Based: No
Relocatable: No
Type of Location: Stand-alone
Absentee Owner: Yes
Online:
Employees: Full Time: / Part Time:
Managers:
Hours:
Owner Hours:
Non-Owner Payroll:
Franchise Info:

Location

Lease Expire:
Option:
Lease Terms:
Lease Security:
Monthly Rent:
Square Footage: 48424
Facilities: RAW LAND FOR SALE APPROVED FOR 126 ROOM HOTEL
WITH 25 YEAR TAX ABATEMENT

Summary

Business Description: THIS IS A PRIME HOTEL DEVELOPMENT SITE.
LOCATED AT THE ENTRANCE TO GRAND CENTRAL PARKWAY AND DIRECTLY ACROSS FROM LAGUARDIA AIRPORT ( WATER VIEWS ). IT IS ALSO NEARBY CITI FIELD AND THE NEW WILLETS POINT DEVELOPMENT .
Historical Summary:
Owner Qualifications:
Competition: VERY LITTLE COMPETITION IN THE IMMEDIATE AREA - THERE IS DEFINITELY A NEED FOR MORE HOTELS.
Potential Growth: WITH THE LACK OF ENOUGH AVAILABLE HOTEL SPACE IN THE NEW YORK AREA , THIS SHOULD BE EASILY DEVELOPED WITH ANY MAJOR HOTEL FRANCHISOR AND COMMAND MORE THAN A REASONABLE RETURN ON INVESTMENT.
  
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