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Fairfield Inn & Suites New York Queens/Fresh 183-31 Horace Harding Expy 95 Room Hotel Fresh Meadows, NY 11365 $29,880,000 ($314,526/Room) 10% Cap Rate
Executive Summary
Luxury Hotels for Sale in Prime Fresh Meadows Location | 2 Hotels with 219 Boutique Rooms |
Hotel Introduction:
This premium hotel portfolio, situated in the Fresh Meadows Auburndale neighborhood of New York, consists of two
modern buildings (183-15 and 183-31 Horace Harding Expy).It is just a 15-minute drive from JFK Airport and 10 minutes
from LaGuardia Airport, with direct bus access to Manhattan at the door. With an annual turnover of $13 million and a
consistent growth trend, it boasts significant development potential. Both six-story buildings were constructed in 2018and are Marriott-branded properties. Covering a total land area of 44,919 square feet and a total building area of 99,
403 square feet, they offer 219 boutique rooms in total (124 at Courtyard and 95 at Fairfield), including various room
types such as King, Queen, Double rooms, and luxury suites.
The property is located in the top-rated School District 26 and holds H3 limited-service hotel ownership (affiliated with
an international chain brand), zoned R3-1/C1-2, with a comprehensive management system in place. Thanks to its prime
location, stable revenue performance, and professional brand operation, it is a highly valuable hotel asset for
investment.
Address: 181-31 & 183-15 Horace Harding Expy, Fresh Meadows, NY 11365
Investment Highlights
—219 Non-s moking Guestrooms
- 6 Story, Interior Corridor
- 1 5-minute drive from JFK Airport
--10 minutes from LaGuardia Airport
-- annual turnover of $13 million
--high occupancy 80.3%
--open on 2018th
--non-union hotel
Hotel Introduction:
This premium hotel portfolio, situated in the Fresh Meadows Auburndale neighborhood of New York, consists of two
modern buildings (183-15 and 183-31 Horace Harding Expy).It is just a 15-minute drive from JFK Airport and 10 minutes
from LaGuardia Airport, with direct bus access to Manhattan at the door. With an annual turnover of $13 million and a
consistent growth trend, it boasts significant development potential. Both six-story buildings were constructed in 2018and are Marriott-branded properties. Covering a total land area of 44,919 square feet and a total building area of 99,
403 square feet, they offer 219 boutique rooms in total (124 at Courtyard and 95 at Fairfield), including various room
types such as King, Queen, Double rooms, and luxury suites.
The property is located in the top-rated School District 26 and holds H3 limited-service hotel ownership (affiliated with
an international chain brand), zoned R3-1/C1-2, with a comprehensive management system in place. Thanks to its prime
location, stable revenue performance, and professional brand operation, it is a highly valuable hotel asset for
investment.
Address: 181-31 & 183-15 Horace Harding Expy, Fresh Meadows, NY 11365
Investment Highlights
—219 Non-s moking Guestrooms
- 6 Story, Interior Corridor
- 1 5-minute drive from JFK Airport
--10 minutes from LaGuardia Airport
-- annual turnover of $13 million
--high occupancy 80.3%
--open on 2018th
--non-union hotel
Property Facts
Amenities
- Business Center
- Fitness Center
- Restaurant
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $254.00 | - |
| Guest Room | 87 | $226.00 | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (72)
Property Taxes
| Parcel Number | 07067-0054 | Improvements Assessment | $2,921,940 |
| Land Assessment | $927,000 | Total Assessment | $3,848,940 |
Property Taxes
Parcel Number
07067-0054
Land Assessment
$927,000
Improvements Assessment
$2,921,940
Total Assessment
$3,848,940
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Fairfield Inn & Suites New York Queens/Fresh | 183-31 Horace Harding Expy
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