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 management and affiliation, presenting an exceedingly rare opportunity for a new owner to pursue a management and affiliation strategy of their own choice.
Opportunity to Acquire a Luxury Hotel in the Heart of the Financial District
The Washington Hotel combines the comprehensive amenities and contemporary guestroom design that sophisticated New Yorkers expect with a touch of classic elegance, elevating the lifestyle of Downtown hotels and businesses. It offers a world-class guest experience with the finest amenities and decor in a beautifully designed tower designed by the world-renowned architectural firm Gwathmey Siegel Architects.
Completed in 2010, this 57-story luxury tower, a testament to architectural excellence, rises 630 feet over Tribeca in Lower Manhattan. The property is located at the corner of the World Trade Center, one block away from the new Freedom Tower, the National 9/11 Memorial Museum, and other significant tourist attractions such as the Museum of the American Indian, Fraunces Tavern Museum, Brookfield Place, Federal Reserve Bank of New York, the picturesque Battery Park, Hudson River and South Street Seaport.
KSR has canvassed brands who have expressed interest in various options ranging from soft brands, lifestyle/boutique brands and hybrid residential concepts. Major global franchisers acknowledge the international desirability and demand of Manhattan, the intrinsic value of having a presence in a central, high-visibility location, and the absolute barriers to entry/lack of opportunities of this nature. The Washington Hotel presents a substantial upside and a unique opportunity for a new owner to not just benefit, but thrive, from enhanced performance and revenue.
For More Information, you may download more details here (PDF 21 MB) or, please contact:
Ricky Aryeh
M: 917.797.9911 O: 212.417.9217
Dan Shapiro
M: 917.519.8981 O: 646.928.5434