Alfa Development is offering for sale the fee simple interest HGU New York, one of the oldest continuously operating hotels in New York City. Established in 1905 with a prime hospitality location in the heart of midtown Manhattan, this prestigious hotel underwent a $25MM transformation in 2016 and has attracted a stable, diverse clientele to its NoMad location just off Park Avenue. A beaux-arts masterpiece designed by Frederick C. Browne, the hotel spans 90 spacious rooms over ten stories. It includes a 60 seat restaurant, two bars, a lounge, café, and an exclusive roof deck bar. It is being offered fully unencumbered. HGU is currently self-managed by an investment group with a single hotel asset and is unbranded. It offers an excellent opportunity for a hotel group to rebrand or bring proprietary sales channels into the mix thus dramatically increasing revenues and EBITDA over current levels. As a four-star lifestyle boutique travel destination, HGU has received high-level travel and destination accolades in CNN, Travel Weekly, and Guild Magazine, and was named one of the "Best Boutique Hotels in New York City" by Forbes. With an excellent history, reputation, and marketable assets, the hotel presents an opportunity for a successful travel enterprise investment in the heart of New York City.