548 W 48th St - Hospitality FOR SALE
New York, NY 10036 |
548 W 48th St
New York, NY 10036
HIGHLIGHTS
- The Comfort Inn Midtown West is located in the heart of Hell’s Kitchen, surrounded by Times Square, Manhattan Cruise Terminal, and The Javits Center.
- Opened in March 2013, the 89-key, non-union Hotel was recently renovated in 2023/2024. It offers guests a contemporary and chic design package.
- Option to terminate the franchise agreement at no cost in September 2025 provides the opportunity to rebrand or operate as an independent boutique.
- Hyper-efficient, rooms-only design ensures robust margins, with the potential for substantial revenue growth and enhanced profitability.
- The Hotel is blocks from Central Park, Columbus Circle, Broadway, The Intrepid Museum, Lincoln Center, and over 80 million SF of office space.
- The Comfort Inn presents a highly profitable investment, with strong and consistent cash flow, projected to have a 34.6% NOI margin in 2024.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Comfort Inn Midtown West, NYC
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
20383
STORIES
9
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2013
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
-
ZONING
R8
APN/PARCEL ID
1076-0057
