NEW YORK CITY—The owner/developer of a planned Marriott extended-stay hotel in the Gowanus section of Brooklyn has put the development on the market for sale with an asking price of $37 million.
The proposed TownePlace Suites hotel is being built at 561-567 President St. here. The Marriott International-flagged hotel's availability was announced by exclusive agent Eastern Consolidated.
The owner has approved plans and permits to build the 52,468-square-foot complex that will include a 113-key hotel and 28 surface and sub-surface parking spaces. The completion of the project will mark TownePlace Suites, entrance into the New York City area. The extended-stay hotel 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,” says Gabriel Saffioti, director of Eastern Consolidated, who along with director Nicole Rabinowitsch is exclusively marketing the property. “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.”
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