Hotel Acquisition Opportunities

Confidential Hotel Assets for Sale

Basar International Group a real estate investment and financial services company that specializes off market private sales is offering a number of confidential hotel assets located from Fifth Avenue New York city to Baku, Azerbaijan.

Basar International Group Basar International Group a real estate investment and financial services company that specializes off market private sales is offering a number of confidential hotel assets located from Fifth Avenue New York city to Baku, Azerbaijan. The global real estate company is offering international investors a collection of private sales investment opportunities. The hotel offerings are a rare investment opportunity to acquire truly high grade well located assets with real long-term capital appreciation value. They have been rumblings of interest from various international investors from Kingdom Holdings Prince Al Waleed bin Talal,the hotel investment of arm of the Sultan of Brunei, Constellation Hotels and various investors from Asia seeking to park some capital in New York city luxury hotels assets. 

New York City provides transparency, stability, long term growth, and significant asset appreciation for international investors, states Mr. Lee of Basar Group “our exclusively confidential offering is approximately 600 rooms with a 68 years remaining leasehold position. The property is an elegant property; both its exterior and interior architecture reflects the French style of the Louver Palace or construction elements of the renaissance period. There are few hotels remaining in New York City with the quality of mosaic marble and grandeur, maybe only the Waldorf Astoria or the Plaza in Central Park. An International investor must be capable of allocating $390 million dollars which translate to $600,000 per room key. In an area of New York City where the last few transaction in the hotel market sold for around 1 million dollars per key.There's significant upside potential to increase the current ADR performance through a status upgrades to a 4 or 5 star hotel property. The current ownership has control of the retail portion of the property which gives a value added component to the acquisition. This is an exceptional opportunity to reposition a turn of the century hotel located in a super prime location of New York City which is a city which has less than 198,000 acres. There are few investment opportunities with such a unique location with distinctive heritage in a market with such a high barrier to entry.

Mr. Khalaf Al Habtoor the developer from Dubai says” the best way to predict the future is to create it” and there are a few opportunities remaining“ to create” a grand hotel in New York City such as our 200,000 square feet fee simple office building located in an area that is loaded with retail establishments and is both sophisticated and vibrant .Once upon a time the 200,000 square feet office building offered at $215 million dollars was a turn of the century art deco 5 star luxury hotel. The hotel was the primary locations for presidents, diplomats and European notables. Since the subject property was built at the turn of the century as a luxury hotel, the existing floor plans lend it to be reversion back to a luxury hotel with significant ease. Most importantly, all the current leases are cancelable; as a result property will be delivered vacant at closing. The current hotel occupancy rate in New York city is running around 87% percent, with a strong demand for luxury full service assets in midtown New York city says "B .M. Mansoor of Basar International Group. This area of the city is the primary location for long term capital appreciation for international investors because it is New York City’s most desirable address. The architecture and heritage of both offerings are on par with many of the hotel acquisitions in London by international investors such as Qatar's Constellations Hotels acquisitions of IHG hotels in London and New York. We are currently in discussion with a number of international investors from both Sovereign Wealth Funds and global private investment groups. 

There are many off market opportunities in emerging markets example a unique 5 star hotel with 115 rooms located in Baku Azerbaijan that includes 2 landmark Class A office buildings at a sale price of $135 million US dollars. Each property can be purchase separately, the 3 trophy property offering consist of a total 61000sqm, The 3 building consist of building (1) 12000sqm, building (2) 6000sqm building (3) 43000sqm . The current net income reflects an approximate return in the range of 15-20% percent capitalization. The property is located in the most prime real estate area of Baku a city going through a dramatic change in a country whose economy is growing at 7.9% percent .The hotel property is an idea location for hotel brand seeking to plant their hotel flag in rapidly emerging diversifying oil based economy. The tenant roster in the office building reads like the global fortune 100 and it is also the primary location for many of the worlds embassy. The three trophy properties is so well located that is the one stop for international executives and diplomatic visits to Baku .The hotel and office buildings are interconnected by walkways and an atrium that makes a variety of services accessible for both business executives and diplomats .The location is located on the main street that houses the high end fashion designers, banks and is known as one of the most expensive streets in the world. Azerbaijan is about to become one the most modern cities in the world. Some people are calling Baku the "Dubai of the Caspian Sea".

Basar International Group is a Real Estate and Financial Services company. Our focus is on a select clientele of international and domestic investors. We are the global leader in "Off the Market Private Sales" of rare global real estate assets and portfolios. Basar Group's off market deal flow was approximately 42 Billion US dollars across all real estate asset classes.  The Basar Group specializes in deluxe residences, hotels, office buildings, retail, and industrial properties. It is our view to see the world as a single economy. It is from this "insight of universal perspective" that we are innovative, flexible and persistently focused on serving our client’s needs. Mr. Mansoor and Mr. Lee has closed over $5 billions of real estate transactions, combine has over 50 years of investment real estate experience .Mr. Mansoor is fluent in English, French, Arabic , Mr. Lee is fluent in Mandarin and English.

For more information, please visit www.basarint.com.



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