Cushman & Wakefield has been retained on an exclusive basis to market the Hotel Shocard. Located at 206 West 41st Street, the “Property” (or the “Hotel”) offers an attractive opportunity to acquire a leasehold ownership interest in a newly renovated and well-furnished, non-union, upscale boutique hotel in a prime Times Square location. The property is located on the south side of West 41st Street between Seventh and Eighth Avenues – the established epicenter of New York’s booming hospitality market. This location offers excellent access to a vast commercial market, endless amenities and attractions, and major transportation lines including the Times Square – 42nd Street Subway Station located one block to the east, allowing guests to benefit from accessibility to other areas throughout Manhattan and the boroughs.
The Property totals six-stories and 11,562 square feet. It features 47 keys, including two spacious penthouse guest rooms with large exterior balconies. The Property is also home to a restaurant operated by a third party, Gleason’s Tavern, one of the area’s most popular restaurant and bar destinations. The Hotel was recently renovated and now features all new guest rooms and public areas redesigned to capture a modern and well-appointed style that finds it’s inspirations from the excitement and culture of the broader Times Square area.
