A prominent DoubleTree by Hilton hotel near LaGuardia Airport has been sold for $72 million, marking a significant transaction in the New York real estate market. The sale reflects ongoing investor interest in hospitality properties in high-traffic areas, particularly those catering to business and leisure travelers. With airport-adjacent properties often commanding premium valuations, the deal underscores the enduring demand for well-located lodging assets. Buyers may be drawn to the hotel’s established brand and proximity to one of the busiest airports in the region.
DoubleTree by Hilton near LaGuardia sells for $72 million The Business Journals