For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=150944
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the former, 136-key Holiday Inn Long Island City – Manhattan View. The non-unionized hotel (unencumbered by a brand or management agreement) has been closed since 2020; however, an investment of $5 million has already been spent to bring the property back to working order. An investor would have the flexibility to reposition it as a newly renovated, premium-branded hotel asset and the ability to capitalize on the significant upside potential, optimizing operational efficiencies in a historically strong-performing submarket to drive both revenue and profitability.