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 £78,245,002 (£360,576/Room)
Executive Summary
CALL FOR OFFERS TIL OCT 16th
KSR has been exclusively engaged to solicit offers to purchase the fee simple interest in the Washington Hotel, a luxury hotel located in the center of the Financial District in Lower Manhattan by Battery Park, featuring 217 guestrooms including 11,000+ square feet of prime retail. The Hotel may be acquired unencumbered by both management and affiliation, presenting as an exceedingly rare opportunity for a new owner to pursue a management and affiliation strategy of its own choice. The hotel guest rooms, including event banquette, lobby bar and lounge areas which are all union while the retail/restaurant space is non-union. The opportunity exists in one of the strongest performing commercial real estate markets in the world. 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 both 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.
KSR has been exclusively engaged to solicit offers to purchase the fee simple interest in the Washington Hotel, a luxury hotel located in the center of the Financial District in Lower Manhattan by Battery Park, featuring 217 guestrooms including 11,000+ square feet of prime retail. The Hotel may be acquired unencumbered by both management and affiliation, presenting as an exceedingly rare opportunity for a new owner to pursue a management and affiliation strategy of its own choice. The hotel guest rooms, including event banquette, lobby bar and lounge areas which are all union while the retail/restaurant space is non-union. The opportunity exists in one of the strongest performing commercial real estate markets in the world. 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 both 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 | £78,245,002 | Lot Size | 0.36 AC |
| Price Per Room | £360,576 | Building Size | 132,163 SF |
| Sale Type | Investment | No. Rooms | 217 |
| Property Type | Hospitality | Number of Floors | 58 |
| Property Subtype | Hotel | Year Built/Renovated | 2007/2022 |
| Building Class | A | Corridor | Interior |
| Price | £78,245,002 |
| Price Per Room | £360,576 |
| 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 |
| Number of Floors | 58 |
| Year Built/Renovated | 2007/2022 |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | £283.25 | 700 |
| Guest Room | 215 | £150.23 | 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 | £10,004,872 |
| Land Assessment | £3,153,265 | Total Assessment | £13,158,137 |
PROPERTY TAXES
Parcel Number
0053-1201
Land Assessment
£3,153,265
Improvements Assessment
£10,004,872
Total Assessment
£13,158,137
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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