Core Acquires @Aloft_Harlem_ Hotel In New York For $33.8M

A hotel property in Harlem, New York has been sold for $33,800,000. The property, known as @Aloft_Harlem_, is located at 2296 Frederick Douglas Boulevard in the market of Harlem. The hotel features a total of 124 rooms, covering a total area of 57,000 square feet. The price per key (PPK) for this transaction stands at $272,000, with a price per square foot (PPSF) of $593.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $33,800,000
• Rooms: 124
• Square Footage: 57,000 sf
• Price per Key (PPK): $272,000
• Price per Square Foot (PPSF): $593

The seller of the property was RCG Longview, represented by Jay Anderson, Michael Boxer, and Jonathan Estreich. The buyer in this transaction was Core [...]