HVS Brokerage & Advisory, as the sole and exclusive advisory firm to the 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. PRICE REDUCTION: $21,500,000 Ownership is motivated to sell the property and has agreed to reduce the price to $21,500,000, or $158,000 per key. Please email jmahan@hvs.com for more details.