Paceline Equity Acquires Home 2 Suites By Hilton Hotel In Long Island City For $34.5M

Paceline Equity Partners has acquired the Home 2 Suites by Hilton hotel building in Long Island City, Queens for $34.5 million. The property, located at 29-14 39th Avenue, offers a total square footage of 63,648. The price per square foot stands at $542.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $34,500,000
• Address: 29-14 39th Avenue
• Market: Long Island City, Queens
• Buyer: Paceline Equity Partners - Kyle Volluz
• Seller: Radson Development - Jacob Rad & Sandy Rad
• Square Footage: 63,648
• Price Per Square Foot: $542

Kyle Volluz represented Paceline Equity Partners in this transaction, while Jacob Rad and Sandy Rad acted as the representatives for Radson Development. The deal between the two parties was finalized on July 20, 2023.