Hotel in Manhattan, New York

Located at 34 East 32nd Street, HGU New York, an iconic landmarked historical 90-key hotel between Madison Avenue and Park Avenue South in the heart of Nomad neighborhood in Manhattan was built in 1905. Only a 5 minute-walk to the Empire State Building, this 35,778 SF Beaux Arts style property is one of the oldest continuously operating hotels in New York City.

The Property underwent a $25M repositioning in 2016 and is now a highly reviewed four-star lifestyle boutique hotel servicing a diverse high-end client base. HGU New York provides investors with a unique opportunity to acquire a turnkey, cash-flowing non-union property in the highly desirable Nomad submarket. Currently self managed, there is additional upside potential available to a hotel operator with the experience needed to increase revenues and add to the bottom line.

HGU has received accolades in CNN, Travel Weekly, and Guild Magazine, and was named one of the « Best Boutique Hotels in New York City » by Forbes.

This rare offer includes a renowned four-star lifestyle boutique travel destination hotel, spanning 90 spacious rooms over ten stories.

Desirable modern features include a 60-seat restaurant, two bars, a lounge, café, and an exclusive roof deck bar.

HGU is currently self-managed by an investment group with a single hotel asset and is unbranded.

The seller asks for proof of funds and non-disclosure agreement to give more details.