Business Broker New York Lisiten Associates

Thursday, September 09, 2010

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Listing Details - LAGUARDIA AIRPORT HOTEL DEVELOPMENT SITE

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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?

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.