New York City Metro
If you want in to the New York City Metro Area - the hottest U.S. travel destination - I have a 54 room, 14,000 s.f. building with a hotel license available for purchase or joint venture.
Check out the location at 415 38th Street, Union City, New Jersey 07087 just two miles and twenty minutes by bus from Manhattan.
The renovations are budgeted at a million US dollars.
The building can be delivered as is for $ 3.5 Million US, or for $ 4,500,000 renovated.
There is a 2300 s.f. accessory building that can become a hang out area and bar. There are two small retail stores and a coin operated laundry in the basement allowed.
There are no competing hostels in the immediate area.
New York City closed many hostels last year after passing new occupancy laws.
This is an ideal time to expand into a hostel in metro New York.