The owner of a controversial, partially constructed hotel in Dutch Kills is selling the structure.
But now, with more than 20 new hotels opened over the last five years, the area has become a hot hotel market, and owner Steven Baharestani of Dutch Kills Partners LLC is hoping to sell the yet-to-be completed hotel to the highest bidder.
“The offering presents a unique opportunity to acquire a full or partial interest in a hotel in the construction phase, in one of the most rapidly developing hotel markets in the New York metro area,” said Andrew Posil, director of sales at Massey Knakal, which is marketing the building.
Construction on the hotel is one-third complete, according to the real estate firm. It will be 38,000 square feet and have 79 rooms when finished.
Baharestani is looking for the best possible offer for the hotel, and there isn’t an asking price for the building, a Massey Knakal representative said.
The Buildings Department originally approved plans for the hotel back in 2007.