Two newly built Marriott-branded hotels in eastern Queens have hit the market for $65 million.
Cushman
& Wakefield is marketing the neighboring six-story hotels, located
along the Long Island Expressway near the Fresh Meadows neighborhood.
One of the hotels, at 183-15 Horace Harding Expressway, is branded as a
Courtyard Marriott. The other, at 183-31 Horace Harding Expressway, is a
Fairfield Inn & Suites.
The hotels total about
110,000 square feet and 218 total guest rooms. The buildings were
constructed and opened late last year by East West Realty Development
Group, now the seller.
Located about 20
minutes by car from LaGuardia Airport and a little farther from John F.
Kennedy International Airport, the hotels have attracted short-term
travelers as well as visitors to Queens, said Cushman & Wakefield's
Kevin Louie. He is leading the site's marketing efforts along with
Stephen R. Preuss.
Louie
said the buildings could be sold as a hotel or delivered empty for
other uses, such as a senior-care facility. Preuss said with the new
hotels, the area is "ripe to become a hospitality hub."
...or very profitable homeless shelters?
