Finding specific 4-star hotels for sale in New York, NY requires access to current real estate listings, which are often off-market or handled discreetly for high-value properties. The provided web results highlight several 4-star hotel listings and market insights, primarily in New York City, which I’ve summarized below. Note that 4-star hotels are defined by quality ratings (e.g., Forbes Travel Guide, AAA, or guest reviews) and typically offer upscale amenities like on-site restaurants, fitness centers, and prime locations.
Current Listings and Examples
- 4-Star Hotel Near Central Park, Manhattan (Off-Market)
- Details: A 4-star hotel with 228 keys (33 suites, 196 standard rooms), built 4 years ago, non-union. Located near Central Park, this property is priced at $238 million + 4% buyer fees. The listing is highly discreet, requiring an NDA, buyer’s bio, and proof of funds (POF) for full details.
- Source: DealStream
- Relevance: This is a prime example of a luxury 4-star hotel in a high-demand Manhattan location, ideal for investors seeking upscale properties.
- Four Points Sheraton, NYC (Distressed Sale)
- Details: A 4-star branded hotel, completely renovated in the early 2000s. Originally purchased for $134 million, it’s now listed for $59.5 million + 3% buyer fees. Requires NDA, POF, and bio for further information.
- Source: DealStream
- Relevance: This distressed sale offers a significant discount, appealing to investors looking for value-add opportunities in NYC.
- Midtown Manhattan Marriott Branded Hotel
- Details: A 3-star Marriott-branded hotel with 92 rooms, located in the heart of Midtown Manhattan, non-union. Priced at $45 million. While listed as 3-star, its location and branding suggest it may approach 4-star quality with upgrades.
- Source: DealStream
- Relevance: This property could be a candidate for rebranding or renovation to achieve 4-star status, given its prime location.
- Two Boutique Luxury Hotels in Midtown South
- Details: Two boutique hotels, union-operated, with 199 rooms ($75 million) and 122 rooms ($58 million). These can be sold as a portfolio or separately. While not explicitly 4-star, their luxury designation and Midtown location suggest they may meet 4-star standards. NDA, POF, and bio required.
- Source: DealStream
- Relevance: These properties cater to investors interested in boutique, upscale hotels in a competitive NYC market.
- Staten Island 4-Star Hotel
- Details: A 4-star hotel with 38+ rooms (10 stories) priced at $21.25 million, with a gross income of $2.53 million, expenses of $1.18 million, and a net income of $1.35 million (6.0% cap rate, 90.02% occupancy). Another property with 55+ rooms (15 stories) is also listed at $21.25 million, with a gross income of $3.47 million, expenses of $1.92 million, and 87% occupancy.
- Source: DealStream
- Relevance: These smaller 4-star hotels in Staten Island offer strong financials and are closer to business and leisure areas like the Staten Island Ferry and Newark Airport.
- Midtown Manhattan Hotel (LoopNet Listing)
- Details: A hotel in New York, NY 10016, with 90 rooms, 35,778 SF, priced at $45 million. While not explicitly 4-star, its Midtown location and size suggest it could be in the upscale category.
- Source: LoopNet
- Relevance: This listing aligns with the high-value, centrally located properties typical of 4-star hotels in NYC.
How to Find More 4-Star Hotels for Sale in New York, NY
- Commercial Real Estate Platforms:
- LoopNet (www.loopnet.com) (www.loopnet.com): Lists 65 hotels for sale in New York, including 15 in NYC. Filter for upscale properties in Manhattan or Brooklyn to find 4-star candidates. Example: A 90-room hotel in Midtown for $45 million.
- Crexi (www.crexi.com) (www.crexi.com): Offers detailed listings with photos and financials. Search for hotels in NYC with amenities like restaurants or spas to identify 4-star properties.
- DealStream (www.dealstream.com) (www.dealstream.com): Specializes in off-market and luxury hotel sales. Many 4-star listings (e.g., Central Park hotel for $238 million) require NDAs and POF.
- Specialized Brokers:
- CBRE Hotels & Hospitality Group: Handles high-value hotel sales in NYC, including 4-star properties. Contact for off-market listings.
- Newmark: Known for luxury hotel sales (e.g., The Pierre), they can provide access to 4-star hotel deals.
- JLL Hotels & Hospitality: Offers expertise in NYC’s hospitality market, ideal for discreet 4-star sales.
- Local Real Estate Agents:
- Agents like those at Cushman & Wakefield or Hilco Real Estate Sales (hilcorealestatesales.com) can connect you with hotel listings, including distressed or off-market properties.
- Business-for-Sale Platforms:
- BizBuySell (www.bizbuysell.com) (www.bizbuysell.com): Lists 14 hotels for sale in New York, including boutique properties that may qualify as 4-star. Example: A 10-room boutique resort in Wilmington, NY, for $1.475 million.
- BusinessesForSale.com: Features 8 hotels for sale in NY, some of which may be upscale.
Market Insights for 4-Star Hotels in New York, NY
- Pricing: 4-star hotels in NYC range from $21.25 million (smaller Staten Island properties) to $238 million (Central Park-adjacent hotels). Larger portfolios or distressed sales (e.g., Four Points Sheraton at $59.5 million) offer diverse investment options.
- Cap Rates: Typical cap rates for NYC hotels are around 6.0–8.5%, as seen in the Staten Island listings (6.0%) and other value-add properties.
- Occupancy: High occupancy rates (87–90%) are common for 4-star hotels in prime locations like Manhattan or Staten Island, driven by tourism and business travel.
- Amenities: 4-star hotels typically feature on-site restaurants, fitness centers, and premium locations near landmarks like Times Square, Central Park, or Broadway.
- Challenges: Many listings are off-market, requiring NDAs, POF, and buyer bios. High prices and union operations (in some cases) may impact profitability.
Notable Trends
- Distressed Sales: Post-pandemic, some 4-star hotels (e.g., Four Points Sheraton) are listed at significant discounts, offering value-add opportunities.
- Boutique Hotels: Smaller, upscale properties in Midtown South or Brooklyn are gaining traction, appealing to investors seeking unique assets.
- Tourism Demand: NYC’s 60 million annual visitors drive demand for 4-star hotels, especially in Manhattan near Times Square or Central Park.
Recommendations
- For Manhattan: Focus on off-market listings through brokers like CBRE or Newmark. The $238 million Central Park hotel or $59.5 million Four Points Sheraton are strong candidates.
- For Budget-Conscious Investors: Consider Staten Island properties at $21.25 million with solid financials or smaller boutique hotels in Upstate NY (e.g., Wilmington for $1.475 million).
- Next Steps:
- Sign up for alerts on LoopNet, Crexi, or DealStream to get new 4-star hotel listings.
- Contact brokers with POF ready to access off-market deals.
- Specify preferences (e.g., Manhattan vs. Brooklyn, branded vs. boutique) for tailored results.
Clarification on Location
- Assumed New York, NY: Based on your query and the provided search results, I focused on New York, NY (primarily NYC). If you meant Nevada or another location (e.g., New York, NV, or Newark, NJ), please clarify.
- If You Meant Nevada: No specific 4-star hotel listings were found in Nevada, but Las Vegas properties (e.g., condo-hotels like Palms Place or boutique hotels) could qualify. I can search further for Nevada-specific listings.
- If You Meant Newark, NJ: The previous response noted no 4-star hotels for sale in Newark, NJ, but off-market deals may exist. DealStream mentions 4-5 star hotels in NJ for $5–300 million, requiring NDAs.
- Location: Manhattan, Brooklyn, Upstate NY, or elsewhere?
- Budget: E.g., under $50 million or higher?
- Type: Branded (e.g., Marriott), boutique, or distressed?