EFTA00794236.pdf

c uAsKHEmF Hotel Shocard IIIIIIII FIELD 206 West 41St Street Property Features South side of West 41st Street between Seventh and Location Eighth Avenues Block / Lot 1012 / 37 Lot Dimensions 25' x 98.75' (Approx.) Building Dimensions 25' x 98.75' (Approx.) Hotel Keys 47 stories 6 Gross Square Footage 11.562 (Per Public Record) Zoning C6-7 (Special Midtown District) Base ZFA 15.00 sot Square Footage 2.469 (Per Public Record) 'axes (16/17) $290.304 (Paid by Lessee) Asking Price: Ownership Requests Proposals Property Description Cushman & Wakefield has been retained on an exclusive bas,.:: to market the Hotel Shocard. Located at 206 West 41st Street. the 'Property" (or the -Hotel") offers an attractive opportunity to acquire a leasehold ownership interest in a newly renovated and well-furnished. non-union. upscale boutique hotel in a prime Times Square location. The property is located on the south side of West 41st Street between Seventh and Eighth Avenues - the established epicenter of New York's booming hospitality market. This location offers excellent access to a vast commercial market. endless amenities and attractions. and major transportation lines including the Times Square - 42nd Street Subway Station located one block to the east. allowing guests to benefit from accessibility to other areas throughout Manhattan and the boroughs. The Property totals six-stories and 11.562 square feet. It features 47 keys. including two spacious penthouse guest rooms with large, exterior balconies. The Property is also home to a restaurar • operated by a third party. Gleason's Tavern. one of the area's mo: popular restaurant and bar destinations. The Hotel was recently renovated and now features all new guest rooms and public areas redesigned to capture a modern and well-appointed style that finds it's inspirations from the excitement and culture of the broader Times Square area. Mir For More Information, Please Contact Exclusive Agen Cushman & Wakefield Robert Knakal Jonathan Hageman Andrew Posll Michael Allen 275 Madison Ave. 3rd FI Chairman Executive Managing Director Director Associate New York. NY 10016 (212) 660 7777 (212) 660 7773 (410) 347 7573 (212) 589 5166 phone: +1212 696 2500 Guthman & Wakefield Copyright 2017 No warranty Or reoresentatico. express or imosect is made to me accuracy or completeness Of the iOlpmati0n contained herein, and same is submitted Svbie< I TO &TOM Omission,. Change Or Date.rental Or Other COnclitient, w, dldrmrylwlm0ut n00Ce. and 10 any SpeCial listing Conditions imp04ed by me prObetty Owner(s). AS applicable. we make nOreiNesentati0,1 as t0 the Condition 01me °roomy (Or prepertreS) in question EFTA00794236  c uAsKHEriFtENL Hotel Shocard IIIIIIIh D 206 West 41st Street FOR SALE OR LEASE THE "THE BOWTIE" OPPORTUNITY RrICKFPFI _ I FR The leasehold interest in the CENTER Property is being offered for sale or lease. Currently, the owners have a ground lease in place that extends through 2037, with a thirty- five (35) year extension option. The current offering presents two distinct paths to acquire the Property: (1) buy the leasehold interest outright, or, (2) enter into a sublease with the current hotel W 43RD lessee to take over the hotel operations at the Property in exchange for an annual 2ND ST (-1 )- NNN rent payment. Either —1 cc course of action presents a W 4IST ST BRYANT CO PARK j i am hotelier with the opportunity to own and operate a unique W 40 boutique hotel in one of the w most desired locations on the W 39TH ST < planet. co W 38TH ST N. I— NO WEST art ST 25' 3AY H1N3A3S Asking Price: EIGHTH AVE (#the Xclu Bork TOLFZANGS Ownership Llmc5 BLOCK Requests BUILDING 1012 Proposals WEST 4Oth ST For More Information, Please Contact Cushman & Wakefield Robert Knakal Jonathan Hageman Andrew Posil Michael Allen 275 Madison Ave. 3rd Fl Chairman Executive Managing Director Director Associate New York. NY 10016 (2)2)660 7777 (212) 660 7773 (410) 347 7573 (212) 589 5166 phone: +1 212 696 2500 Coshroan R veaketodCoosegbt 2017 No warranty 0, reoresentatton, express or ‘mo. Cd is made to the ,<covacy d Completeness of the intormation (Onto ned herein and tame is submitted subje( 10 e',Q oronsons charge or ofC e ontal Or c!her conditions ..v1hdf-re.,I .vilt,OL., no, o, And lc any coroi'io^s , freso, ed n,, (,) As applicable. vie make no rewesent.tion to T.., ccndn.9n of •e . CrODerly (Or EFTA00794237