Notorious Times Square hotel will hit the market soon

New York /
Jan.January 02, 2014 12:54 PM

The Hotel Carter in Times Square, named the dirtiest U.S. hotel by travel website TripAdvisor in 2006, is expected to hit the market this year.

Since April, John Cruz of GF Management has been running the 615-key hotel at 250 West 43rd Street, between Seventh and Eighth avenues. The company is in the process of addressing 15 outstanding building code violations, some of which involve broken “Exit” signs, insects in the lobby and malfunctioning elevators. 

About 30 rooms on the fourth floor received new Ikea furniture, framed artwork and other upgrades. And the effort appears to be working — occupancy has grown to 74 percent, from 68 percent before GF Management stepped in.

Tran Dinh Truong owned the notorious lodge from 1997 until he died in 2012, according to the New York Times. Then legal struggles plagued the hotel while Truong’s heirs sorted things out (15 children claim to be descended from Truong, some living at the hotel).

Now, Lawrence Wolf of Eastdil Secured will market the property. No asking price was mentioned. Cruz said the revamped hotel will tout its affordability.

“We offer value and a clean room,” Cruz told the Times. “We don’t have expensive tiled floors, chandeliers and snooty bellmen.” Nightly room rates range from $120 to $150.

The hotel was one of five in Midtown sued in 2009 for allegedly making the hotel entrances, registration counters and public restrooms inaccessible to people with disabilities, as reported at the time. [NYT]Mark Maurer


Related Articles

arrow_forward_ios
Carpenter & Company's Richard Friedman and 2 Canal Street in New Orleans (Carpenter & Company, Google Maps)
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
Aman Group CEO Vlad Doronin and 730 Fifth Avenue (Getty Images, OKO Group)
Doronin’s Aman Group eyeing sale of Crown Building
Doronin’s Aman Group eyeing sale of Crown Building
Related Companies founder Stephen Ross and 33 Hudson Yards (Getty Images, LoopNet)
Related eyeing sale of Equinox Hotel
Related eyeing sale of Equinox Hotel
Leonard Stern with Wyndham Garden Hotel Newark Airport (Getty, Hotels Combined)
Hartz buys Newark Airport hotel for $34M, plans demolition
Hartz buys Newark Airport hotel for $34M, plans demolition
Public Hotel at 215 Chrystie Street, Steve Witkoff and Ian Schrager (Getty, Google Maps, Witkoff)
Schrager, Witkoff default on Public Hotel mortgage
Schrager, Witkoff default on Public Hotel mortgage
38-59 11th Street in Long Island City (Gene Kaufman Architect, iStock)
Daryl Hagler books $63M Long Island City hotel sale
Daryl Hagler books $63M Long Island City hotel sale
From left: 121 West 26th Street, Watermark’s Brendan Medzigian and Two Kings Principal Christopher Wang (Google Maps, Watermark , LinkedIn)
Watermark Capital sells Holiday Inn in Chelsea for $80 million
Watermark Capital sells Holiday Inn in Chelsea for $80 million
The Indie Cultivate event and Independent Lodging Congress president Andrew Benioff (Independent Lodging Congress)
Is innovation dead? These real estate disruptors say no
Is innovation dead? These real estate disruptors say no
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...