The Washington by LuxUrban | 8 Albany St
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The Washington by LuxUrban 8 Albany St
217 Room Hotel New York, NY 10006 $110,000,000 ($506,912/Room)
INVESTMENT HIGHLIGHTS
- Transferrable $50M Liberty Bond Enhancement; a unique value proposition including assumable benefits of sub 3% Liberty Bonds maturing in Q4 2042.
- Opportunity to acquire a luxury hotel in the heart of the transformed Financial District, fully unencumbered by management and affiliation.
- Significant ROI opportunities with unparalleled optionality.
- One of the most premier upscale luxury hotel, residential, and retail markets, irreplaceable live/work/play at the crossroads of Lower and Midtown.
- Enjoy a prominent Downtown location with magnificent, panoramic views, plus leased food and beverage operations.
EXECUTIVE SUMMARY
KSR has exclusively solicited offers to purchase the fee simple interest in the Washington Hotel, a luxury hotel in the center of the Financial District in Lower Manhattan by Battery Park. The hotel features 217 guestrooms and 11,000+ square feet of prime retail. The Hotel may be acquired unencumbered by management and affiliation, presenting an exceedingly rare opportunity for a new owner to pursue a management and affiliation strategy of their choice.
The hotel guest rooms, including the event banquette, lobby bar, and lounge areas, are all union, while the retail/restaurant space is non-union. The opportunity exists in one of the world's strongest-performing commercial real estate markets. The Hotel is defined by a spirit of independence and individuality, offering a unique and distinctive luxury experience at this prime location. Ample meeting spaces and a uniquely distinctive location make The Washington Hotel ideal for business and leisure travel markets.
The Washington Hotel at Albany Street is playing an important role in re-establishing the vibrant and diverse community of Lower Manhattan.
The hotel guest rooms, including the event banquette, lobby bar, and lounge areas, are all union, while the retail/restaurant space is non-union. The opportunity exists in one of the world's strongest-performing commercial real estate markets. The Hotel is defined by a spirit of independence and individuality, offering a unique and distinctive luxury experience at this prime location. Ample meeting spaces and a uniquely distinctive location make The Washington Hotel ideal for business and leisure travel markets.
The Washington Hotel at Albany Street is playing an important role in re-establishing the vibrant and diverse community of Lower Manhattan.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $110,000,000 | Lot Size | 0.36 AC |
| Price Per Room | $506,912 | Building Size | 132,163 SF |
| Sale Type | Investment | No. Rooms | 217 |
| Property Type | Hospitality | No. Stories | 58 |
| Property Subtype | Hotel | Year Built/Renovated | 2007/2022 |
| Building Class | A | Corridor | Interior |
| Price | $110,000,000 |
| Price Per Room | $506,912 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 0.36 AC |
| Building Size | 132,163 SF |
| No. Rooms | 217 |
| No. Stories | 58 |
| Year Built/Renovated | 2007/2022 |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $362.00 | 700 |
| Guest Room | 215 | $192.00 | 366 |
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 0053-1201 | Improvements Assessment | $12,786,596 |
| Land Assessment | $4,029,989 | Total Assessment | $16,816,585 |
PROPERTY TAXES
Parcel Number
0053-1201
Land Assessment
$4,029,989
Improvements Assessment
$12,786,596
Total Assessment
$16,816,585
ZONING
| Zoning Code | C6-9 (C6 districts permit a wide range of high-bulk commercial uses requiring a central ¬location) |
| C6-9 (C6 districts permit a wide range of high-bulk commercial uses requiring a central ¬location) |
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The Washington by LuxUrban | 8 Albany St
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