Hotel Le Bleu is up for sale!
Roshow | Friday, July 19, 2013 at 7:00AM
If you have $12 million to spend and are in the market for a Park Slope hotel, now is your chance: Hotel Le Bleu on 4th Ave between 3rd and 6th Streets is for sale. The price includes the building and the ground beneath it. Independent operators run the 48-room hotel on the first seven floors of the building and the Rooftop Restaurant & Lounge on the eighth and ninth floors. The 99 year lease with the hotel operator guarantees a check coming to the new owner once a month.
Hotel Le Bleu opened five years ago, one amongst a handful of such family-friendly hotels that sprung up at that time. Before then, there were no decent places nearby for relatives and friends to stay over (except for your place, of course). Brooklyn has also seen an increase in tourism, creating the need for more local lodging.
“The reason they are successful is the vibrancy of the Brooklyn economy,” said Timothy King, managing partner of CPEX Real Estate, who hold the exclusive listing for Hotel Le Blah. “These people [presumably the tourists] are coming from Europe or the heartland; they want to enjoy all Brooklyn has to offer.”
CPEX told reporters that they have already received multiple offers. “People certainly are intrigued by an offering that's not straight vanilla,” said CPEX Managing Director Scott Burk, a lawyer whose team is handling the marketing. (These people sound like they’re trying to be in Glengarry Glen Ross, don’t they?).
It’s doubtful whether this will affect any of us. Regardless of who owns the property, it looks like Hotel Le Bleu will be around for a long, long time, even though I've still never met anyone who knows someone who has stayed there. Do you?
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