NEW YORK—Eastern Consolidated has been selected as the exclusive agent to market for sale a hotel in the Marriott International chain, being built at 561-567 President St. in the Gowanus section of Brooklyn. The asking price is $37 million.
The current owner/hotel developer has approved plans and permits to build the 52,468-sq.-ft. complex that will include a 113-key hotel and 28 surface and sub-surface parking spaces. TownePlace Suites, the Marriott’s extended-stay brand, is entering the New York City area market for the first time with this project, which is expected to be completed at the end of 2016.
“This offering presents a rare opportunity to acquire a newly constructed hotel in the rapidly changing Gowanus neighborhood, just minutes away from the Barclays Center,” said Gabriel Saffioti, director of Eastern Consolidated. “Surrounded by the densely populated neighborhoods of Park Slope, Carroll Gardens and Boerum Hill, Gowanus has become a go-to destination for tourists and visitors looking for affordable, yet convenient lodging.”