Overview
RIPCO Investment Sales has been exclusively retained for the sale of a two-hotel package in Fresh Meadows, Queens. The package consists of two Marriott-branded hotels: the Courtyard Marriott and Fairfield Inn. The hotels are located along the Long Island Expressway in the Greater Flushing neighborhood of Queens, offering superior exposure and a thriving visitor market.
The Fresh Meadows hotel market is notably undersupplied, with the nearest competing hotel 2.9 miles away, creating a significant barrier to entry and positioning this property to capture demand from travelers visiting St. John’s University, Queens College, LaGuardia Airport, JFK Airport, and Queens’ attractions, including Metropolitan Park, which is the frontrunner to host the new downstate Casino. With no major hotel developments reported nearby, investors can leverage this exclusivity to achieve strong occupancy rates and pricing power for both short-term and extended-stay guests in the bustling borough of Queens, New York.
Investment Highlights
Two Newly Built Marriott Hotels: Constructed in 2018, the Courtyard and Fairfield Inn & Suites together feature 218 guest rooms, fitness centers, conference rooms, a lobby café, and indoor/outdoor valet parking.
Prime Central Location: Situated directly off the Long Island Expressway with exposure to over 148,000 vehicles in average daily traffic, less than 10 minutes from LaGuardia Airport.
Capturing High Demand: Located in an undersupplied hotel market, currently serving as the only operating hotels within 2.9 miles.
Dynamic Queens Submarket: Near key landmarks such as LaGuardia Airport, Citi Field, Arthur Ashe Stadium, and Metropolitan Park - leading candidate for the Downstate Casino License. Its position places it well within the broader Queens tourism and business corridor, with access to major road arteries, transit, and regional demand drivers.
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Brokerage Team
