Buy&Hold (Hotel): (60 Keys) Library Collection, New York City, NY + $67,000,000
- Promise Land Realty
- Jan 1
- 3 min read
Boutique Hotel Investment Opportunity
Price
$67,000,000
Off-Market Boutique Hotel Opportunity
Library Hotel
Asking Price: $67,000,000
Location: 299 Madison Avenue, New York, NY — directly adjacent to the New York Public Library
Asset Type: Boutique Hotel
Keys: 60 rooms
Floors: 14
Year Built: 1912
Last Renovation: 2012
Property Overview
The Library Hotel is a one-of-a-kind, internationally recognized boutique hospitality asset located in the heart of Midtown Manhattan. Known for its distinctive intellectual and literary concept, the hotel delivers a differentiated guest experience that has cultivated a loyal following and strong brand reputation.
Each floor is themed around the Dewey Decimal Classification System, with guestrooms curated to include 50–150 books aligned to the subject matter of that floor—creating an immersive, memorable stay that consistently drives repeat visitation and premium demand.
Amenities & Experience
24-Hour Reading Room with complimentary refreshments
Writer’s Den — an intimate creative lounge for guests
Poetry Garden Rooftop, which transitions in the evening into Bookmarks Lounge, a refined rooftop cocktail destination
Elegant, library-inspired interiors blending historic charm with modern comfort
Investment Highlights
Prime Midtown Manhattan location steps from Bryant Park, Grand Central Terminal, and Fifth Avenue
Highly differentiated boutique concept with global brand recognition
Strong reputation & loyal customer base driven by experiential hospitality
Limited boutique supply in one of the world’s most liquid hotel markets
Ideal for hotel investors, family offices, and joint-venture partners seeking a flagship lifestyle asset
Transaction Notes
Offered off-market
All inquiries and offers to be submitted directly to: investments@promiselandrealtyllc.com
A 2% marketing fee is due to Promise Land Realty LLC (or affiliated entity) at closing
Serious inquiries only.This is a rare opportunity to acquire an iconic, concept-driven boutique hotel in one of the strongest hospitality markets in the world.
Inquiries / NDA Requests:investments@promiselandrealtyllc.com
Property Map
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $250 non-refundable Reservation Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 1,000,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
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