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Hilton - LIC Lightstone’s latest property purchase—a Hilton Garden Inn—is located on 41st Avenue in Long Island City.

NEW YORK CITY—Real estate investment and development firm Lightstone has acquired a 183-room Hilton Garden Inn in Long Island City, Queens for $60 million.

The New York City-based firm reports that the hotel, constructed in 2015, will for the immediate future continue operations as a Hilton Garden Inn. The property at 29-21 41st Ave. is located across from a number of large office developments and within walking distance from Queens Plaza. The acquisition of the Hilton Garden Inn in Long Island City was undertaken by a joint venture between Lightstone’s REIT II and REIT III.

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