Buy & Hold (Hotel): (86 Keys) Red Roof Plus, Jamaica Queens, NY 11435 + $21,500,000
- Promise Land Realty
- 1 hour ago
- 4 min read
Hospitality Investment Opportunity
Price
$21,500,000
OFF-MARKET HOTEL INVESTMENT OPPORTUNITY
Red Roof PLUS+ – JFK Airport Market
97-26 147th Place | Jamaica, NY 11435
Purchase Price: $21,500,000
Promiseland Realty is pleased to present an off-market acquisition opportunity for the Red Roof PLUS+ Jamaica – JFK Airport, an 86-room hospitality asset strategically located minutes from John F. Kennedy International Airport, one of the busiest airports in the world.
This asset benefits from consistent year-round demand driven by international travel, airline crews, tourism, and business travel, making the JFK corridor one of the most active hospitality submarkets in New York City.
Property Overview
Property: Red Roof PLUS+ Jamaica – JFK
Address: 97-26 147th Place, Jamaica, NY 11435
Total Keys: 86 Rooms
Asset Type: Limited Service Hotel
Market: JFK International Airport Submarket
Investment Type: Stabilized Hospitality Asset
Performance Snapshot (Based on Operational Financials & STR Data)
Operational financials and STR reporting indicate strong airport-driven performance fundamentals.
Room Inventory
• 86 Hotel Rooms
• 31,390 Total Available Room Nights Annually
Estimated Operational Metrics
• Occupancy trending in the upper-60% to mid-70% range
• Average Daily Rate (ADR) approximately $140 – $160
• RevPAR approximately $95 – $115
Annualized Room Revenue Potential
Based on current operating performance:
• ~21,000 – 23,000 occupied room nights annually
• Estimated gross room revenue exceeding $3,000,000 annually
These figures are supported by the STR monthly reports and year-to-date operating statements provided in the data room.
Investment Highlights
Prime JFK Airport Location
The property is located less than 10 minutes from JFK International Airport, one of the largest international gateways in North America, serving:
• Over 60 million passengers annually
Airport proximity creates consistent demand from:
• Airline crews
• International travelers
• Business travelers
• Tourism traffic
Strong Airport Hotel Fundamentals
Airport hotels historically maintain more stable occupancy levels due to constant travel demand.
The Jamaica / JFK hospitality corridor benefits from:
• Limited new hotel development near the airport
• Strong transportation connectivity
• High international visitor traffic
Efficient Limited-Service Operating Model
Red Roof PLUS+ properties operate with a lean operational structure, allowing investors to maintain strong margins compared to full-service hotels.
Benefits include:
• Lower staffing requirements
• Lower operating expenses
• Consistent brand recognition
Institutional Hospitality Market
Queens and the JFK corridor continue to see strong long-term fundamentals driven by:
• Ongoing airport expansion
• Infrastructure investment
• Tourism growth in New York City
Financial Perspective
At the $21.5M purchase price, the asset presents investors with an opportunity to acquire a cash-flowing New York City hospitality property at a price point significantly below many comparable airport hotel transactions.
With approximately $3M+ annual room revenue, investors have the opportunity to further increase performance through:
• ADR optimization
• Operational efficiencies
• brand positioning
Offering Price
$21,500,000
Confidential Offering
This is an off-market opportunity. Additional materials available for qualified buyers include:
• STR Reports• Monthly Financial Statements• Revenue Data• Property Details
Submit All Offers To
Promiseland Realty LLC
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.
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.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
Want Access to All of Our Off-Market Deals? JOIN | Promiseland Realty
Permission to Market Promiseland Deal
Personalized Support from the Promiseland team
Custom List of Legitimate Cash Buyers to move your deals faster
Start playing to win. Join TEAM PLR PLAYMAKER today.
Exclusive Connections to Funding Sources
JV Equity Partnership Opportunities
Direct Access to REO Asset Managers
Apply now and scale with TEAM PROMISELAND
The #1 Source for Off Market Real Estate.
PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 50,000+ 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.
A $1,000 non-refundable Commitment 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 an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
Comments