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CBRE and RealINSIGHT Marketplace are pleased to present the leasehold interest in the 47-room Hotel Shocard (the “Hotel”, or “Property”) for your acquisition consideration. The Hotel is offered unencumbered by brand and management. This offering in Times Square provides investors with the rare opportunity to acquire top-located hotels with substantial upside from improving the assets, modernizing operations and benefiting from economies of scale from an owner/operator’s existing operations.

The Hotel is in Times Square of Midtown Manhattan, New York City’s most traveled to and well-known destination. Times Square, Broadway Theater District, world class shopping along 5th Avenue, Penn Station, New York’s primary corporate corridors along 6th Avenue, Grand Central Terminal, Harold Square and Macy’s, The Empire State Building and so many more sources of lodging demand are all within walking distance of the Shocard. Manhattan’s outstanding economic and lodging metrics establish it as the most desirable hotel real estate investment market in the world.

Opened originally in 1900, the Property was fully renovated in 2016. The limited-service operation includes 47-rooms and the leased-out Gleason’s Tavern. It is currently unencumbered by any franchise affiliations and is operated by Valor Hospitality based out of Atlanta but will be delivered unencumbered by management.

 

 

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Hotel Shocard - Times Square

206 West 41st Street, New York, NY 10036

Expired

Asset Snapshot

  • Asset Type
  • Real Estate (Leasehold)
  • Land Area
  • 0.06 Acres
  • Year Built
  • 1900
  • Year Renovated
  • 2016
  • Number of Floors
  • 6
  • Number of Buildings
  • 1
  • Occupancy
  • 95.00%
  • Occupancy as of
  • Dec 31, 2018
  • Hospitality Type
  • Full Service
  • Number of Rooms
  • 47 Rooms
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Ralph Passono, Jr.

      c/o Fisher Auction Company Inc.

      License: 1 Co.:10311203946