Holiday Inn Fidi Listing Details & Market Data

Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in two contiguous pieces of prime commercial real estate in Lower Manhattan’s Financial District - home to the World Trade Center, Wall Street, the New York Stock Exchange (NYSE) and many of

the world’s most important financial institutions.

The world’s tallest (50 stories) Holiday Inn - at 99 Washington Street - and the mixed-use Landmark’s and the Preservation Committee-designated (LPC) adjacent property at 103 Washington Street, (together, “The Properties”) represent a significant opportunity in one of the finest real estate markets on the globe.

The Holiday Inn, located one block from the World Trade Memorial, is an upper-midscale full-service 492-key hotel designed by Gene Kaufman and completed in 2014. The adjacent building at 103 Washington Street, home to the iconic St. George Tavern, was constructed in 1812 as the

original Melkite congregation. 103 Washington recently benefited from a multimillion-dollar renovation.

The hotel’s location in Manhattan’s Financial District instantly makes it a trophy asset. It is just minutes from One World Trade Center, at 1,776 feet the tallest building in the Western Hemisphere and a symbol of America’s standing in the world. The World Trade Center - including

One World Trade and the surrounding buildings – is home to a roster of globally-significant, blue-chip companies including Spotify, McKinsey, Moody’s, and Conde Nast.

The Properties are encumbered by an assumable $137,025,000 CMBS mortgage which is the highlight of this transaction. The loan has highly attractive 5.259% fixed rate not available in the current environment.