Hilco Real Estate LLC announced Sept. 27 will be the qualified bid deadline for the Chapter 11 bankruptcy sale of the 15-story Hudson River Hotel in New York City.
Located at 442 West 36th St., the 56-room hotel was built in 1999 and features a newly renovated lobby and a diverse spread of rooms. Assumable financing is available at 5.2%, and Hilco said the remaining 72-month term represents a cash-equivalent savings of $2.2 million.
Interested buyers are invited to review the requirements in order to participate in the bankruptcy sale process, which is available on Hilco Real Estate’s website.
“Considering that Hudson Yards sits within one of the highest real estate valued ZIP codes in the country, the bankruptcy sale of the Hudson River Hotel is a rare opportunity for a savvy investor to reimagine this property and capitalize on its prime location,” said Jeff Azuse, executive vice president at Hilco Real Estate. “In addition to Hudson Yards, there are several new projects on the same block as the property that adds to the long-term viability of the property.”
Photo courtesy Booking.com.