Canal Loft Hotel, an economy hotel in a prime Chinatown location, is being offered for sale. The offering includes the hotel portion with 51 keys, situated at the intersection of Canal Street and Eldridge Street. The building features ground-floor retail, with residential units above the fourth floor. These components are held under separate ownership. The entire property was completed and placed into service in 2018. In 2022, the hotel entered into a new NNN lease with its current tenant. The lease has approximately five years remaining, with an annual net rent of $1,112,400 currently and 3% escalation. The tenant holds a five-year renewal option with 3% annual rent escalations. The tenant provides a full personal guarantee covering entire lease term.