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Listing Details - MAJOR NEW SOHO 4-STAR HOTEL
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MAJOR NEW SOHO 4-STAR HOTEL
(Lodging, Hotels)
SOHO, MANHATTAN, NEW YORK - New York, New York
| Seller Financing: |
No |
| Lender Pre-Qualified: |
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| Listing ID: |
H111778 |
| Status: |
Active |
Listing Details
| Listed Price: |
$24,000,000 |
| Down Payment: |
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| Total Sales: |
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| SDE: |
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| EBIT: |
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| EBITDA: |
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| FFE: |
$3,000,000 |
Included? Yes |
| Real Estate: |
$21,000,000 |
Included? Yes |
| Inventory: |
$10,000 |
Included? Yes |
| A/R: |
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Included? |
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| Reason for Sale: |
OWNER/BUILDER HAS OTHER INTERESTS |
| Training: |
SELLER WILL TRAIN |
| Financing Terms: |
NEGOTIABLE |
Operations
| Year Established: |
2008 |
| Last Acquired: |
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| Form of Ownership: |
C-CORP |
| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
Yes |
| Online: |
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| Employees: |
Full Time: 50 / Part Time: |
| Managers: |
2 |
| Hours: |
24/7 |
| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
YES-CALL FOR INFORMATION |
Location
| Lease Expire: |
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| Option: |
PURCHASE OF PROPERTY INCLUDED |
| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
20000 |
| Facilities: |
BRAND NEW SOHO HOTEL HAS FRANCHISE OF MAJOR NAME AND HOTEL GROUP
42 GORGEOUS ROOMS MAKE THIS NEW 5 STAR A ONE-OF - A -KIND ACQUISITION POSSIBILITY
Tucked away in one of New York City's trendiest spots, the The Soho Hotel, an Ascend Collection® hotel, is ideally located in downtown SoHo. Many popular, dynamic neighborhoods, including Little Italy, Chinatown, the historic South Street Seaport and the Financial District are just blocks away from this New York, NY hotel.
Additional nearby points of interest include:
• Jacob K. Javits Convention Center
• Madison Square Garden entertainment venue
• New York University (NYU)
• Times Square
• Memorial at Ground Zero
SoHo boasts an array of specialty stores and dining options that range from small, boutique shops to big name stores, as well as numerous cocktail lounges and neighborhood bars, and restaurants where you can enjoy anything from Italian food to Thai, French and everything in between. Experience all the best New York has to offer right outside the doors of the Solita!
This New York City, NY hotel provides guests with many full-service amenities and features, including:
• Free high-speed Internet access throughout the hotel
• Free local calls
• Free USA Today newspaper
• Free bottled water
The hotel features custom guest rooms with spectacular views of the city. All guest rooms have designer bedding, plasma televisions, massage shower heads, full marble bathrooms, bathrobes, safes, coffee makers, irons, ironing boards, desks, voice mail, hair dryers and cable television. Non-smoking rooms can be requested.
Our staff is here 24-hours a day to help you with whatever questions you may have.
The Soho Hotel, an Ascend Collection® hotel, wants to be the first to welcome you to New York City and we hope you have a memorable and pleasant
Hotel Services and Amenities:
Elevator(s)
Government Travelers: FEMA Approved
Guest Laundry *
Hotel has Safe
Interior Corridors
Multi-Lingual Staff
No Pets Allowed
Valet Cleaning Service *
Services/Amenities in All Rooms:
AT&T Long Distance Cable/Satellite TV
Free Hi Speed Internet
Free Local Calls
Free Newspaper Mon-Fri
Hair Dryer
In-Room Air Conditioning
In-Room Coffee Maker
In-Room Desk
Individual A/C & Heat
Iron & Ironing Board
Voice Mail
Wake-Up Service
Services/Amenities in Some Rooms:
Accessible Features
Non-Smoking Rooms Available
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Summary
| Business Description: |
A SOHO NEW YORK HOTEL, THIS SOHO HOTEL IS IN SOHO, MANHATTAN, NEW YORK
Tucked away in one of New York City's trendiest spots, the The Soho Hotel, an Ascend Collection® hotel, is ideally located in downtown SoHo. Many popular, dynamic neighborhoods, including Little Italy, Chinatown, the historic South Street Seaport and the Financial District are just blocks away from this New York, NY hotel.
Additional nearby points of interest include:
• Jacob K. Javits Convention Center
• Madison Square Garden entertainment venue
• New York University (NYU)
• Times Square
• Memorial at Ground Zero
SoHo boasts an array of specialty stores and dining options that range from small, boutique shops to big name stores, as well as numerous cocktail lounges and neighborhood bars, and restaurants where you can enjoy anything from Italian food to Thai, French and everything in between. Experience all the best New York has to offer right outside the doors of the SOHO HOTEL
This New York City, NY hotel provides guests with many full-service amenities and features, including:
• Free high-speed Internet access throughout the hotel
• Free local calls
• Free USA Today newspaper
• Free bottled water
The hotel features custom guest rooms with spectacular views of the city. All guest rooms have designer bedding, plasma televisions, massage shower heads, full marble bathrooms, bathrobes, safes, coffee makers, irons, ironing boards, desks, voice mail, hair dryers and cable television. Non-smoking rooms can be requested.
Our staff is here 24-hours a day to help you with whatever questions you may have.
The Soho Hotel, an Ascend Collection® hotel, wants to be the first to welcome you to New York City and we hope you have a memorable and pleasant stay.
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| Historical Summary: |
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| Owner Qualifications: |
HOTEL EXPERIENCE NECCESSARY |
| Competition: |
A STAND-OUT AMONG THE REST |
| Potential Growth: |
GREAT GROWTH POTENTIAL ALTHOUGH THE HOTEL IS ALREADY 85% OCCUPIED |
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