Wingate by Wyndham
38-70 12th Street, Queens, NY 11101
The Outcome
Keys: 92
Price: $44,000,000
Buyer: H.I.S. Hospitality
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We sold this property, located at 235 West 35th Street, to a Japanese investor who paid an above market price for this unionized hotel. The investor was able to re-flag the hotel and brand it with their own brand. The price of $470,000 per key was a record for this type of hotel at the time.