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Buy&Hold (Hotel): DoubleTree by Hilton, New York City, NY + $66,000,000

Updated: Dec 29, 2025

Hotel Investment Opportunity


Price

$66,000,000



Off-Market Investment Opportunity

DoubleTree by Hilton New York Downtown


Address: 8 Stone Street, New York, NY

Asking Price: $66,000,000

Net Operating Income (NOI): ~$5,000,000

Keys / Stories: 399 Keys | 43 Stories

Year Built: 2010

Capital Improvements: $11.7M renovation completed (2020–2021)

Brand: Hilton (DoubleTree)

Franchise Term: In place through 2041

Management: Offered unencumbered by management


Property Overview

The DoubleTree by Hilton New York Downtown is a premier, institutionally maintained, full-service hotel located in the heart of Manhattan’s Financial District (FiDi). This modern high-rise asset benefits from long-term Hilton branding, recent capital investment, and exceptional location-driven demand in one of the most supply-constrained hospitality submarkets in the United States.


Location & Demand Drivers

Situated at the epicenter of Lower Manhattan, the property enjoys immediate proximity to major business, government, and leisure demand generators, including:

  • New York Stock Exchange

  • Federal Reserve Bank of New York

  • Over 41M+ SF of Class A & B office inventory

  • Major corporate headquarters & government institutions

  • Statue of Liberty ferry terminal

  • South Street Seaport

  • One World Trade Center & Oculus

  • Extensive multi-line subway connectivity

This dense concentration of commercial, governmental, and tourism infrastructure supports consistent, year-round demand from corporate travelers, institutional groups, and leisure visitors.



Rooms & Guest Experience

  • Average Room Size: ~257 SF

  • Guestroom Mix:

    • Standard Rooms

    • Premium Rooms

    • Suites

Recent renovations enhanced:

  • Lobby arrival experience

  • Guest corridors

  • Public areas

  • On-site restaurant

The asset is well-positioned to serve both business and leisure segments while maintaining brand-consistent quality standards.


Amenities & Facilities

  • Newly renovated lobby & public areas

  • Full-service restaurant (leased to third-party operator)

  • Boardroom / meeting space

  • In-room dining

  • Fitness center

  • Sundry / retail shop


Market Position & Competitive Advantages

  • High barriers to entry in FiDi due to strict hotel permitting requirements

  • Recent nearby hotel closures limiting competitive supply

  • Strong and improving RevPAR trends

  • Beneficiary of:

    • Corporate travel resurgence

    • Continued domestic & international tourism recovery

These dynamics position the asset as a top-tier competitor within the Lower Manhattan hospitality market.


Operational Upside Opportunities

  • Staffing and labor optimization

  • Elevator modernization

  • Targeted amenity enhancements

  • Food & beverage repositioning

  • Revenue optimization by room type

  • Enhanced utilization of the Hilton Honors loyalty platform


Investment Thesis

This offering represents a rare opportunity to acquire a large-scale, Hilton-branded, full-service hotel featuring:

  • Exceptional, irreplaceable location

  • Long-term franchise stability through 2041

  • Significant barriers to new supply

  • Multiple operational value-add pathways

  • Durable demand fundamentals in one of the world’s most resilient hospitality markets


Submission of Offers

All offers to be submitted directly to: investments@promiselandrealtyllc.com

Buyer to pay a 3% fee to marketing consultants at closing.

Off-market. Confidential. Qualified buyers only.


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

Trusted by 50,000+ Investors. Featured on BiggerPockets:



  • Permission to Market Promiseland Deal

  • Personalized Support from the Promiseland team

  • Custom List of Legitimate Cash Buyers to move your deals faster

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  • Exclusive Connections to Funding Sources

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PROMISE LAND REALTY LLC

Work: 864-762-2509


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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.


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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