Stephen Zsigray Of Ashford Hospitality Trust Sells 358-Room Hyatt Regency Long Island For $26.5M

The asset involved in this transaction is the Hyatt Regency Long Island, a hotel located at 1717 Motor Parkway in Hauppauge, New York. The hotel has a total of 358 keys and was sold for $26,500,000, equating to $74,022 per key. This sale is part of a broader strategy by the seller to manage debt associated with a larger hotel loan portfolio.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $26,500,000
• Address: 1717 Motor Parkway
• Market: Hauppauge
• Keys: 358
• Price per Key: $74,022
• Seller: Stephen Zsigray - Ashford Hospitality Trust
• Broker: Hunter Hotel Advisors

Stephen Zsigray represented Ashford Hospitality Trust in the sale of the Hyatt Regency Long Island, with the transaction facilitated by Hunter Hotel Advisors acting as the broker. The sale is an effort by the trust to reduce its debt load linked to its extensive hotel loan portfolio.