Brooklyn North Capital plans new Red Lion hotel in LIC

Property records indicate the hotel will have 198 rooms

New York /
Apr.April 27, 2016 01:10 PM

The city-wide hotel boom is at the tail end of the cycle, but developers continue to push projects in Queens. According to records filed with the city today, real estate investment firm Brooklyn North Capital plans to build a new Red Lion hotel in Long Island City.

The firm filed plans for a 14-story hotel at 38-15 9th Street, which is currently home to four apartment buildings. Red Lion Hotels Corporation announced in February that it would bring its third Hotel RL to the 9th Street site, adding to its current Baltimore and Washington D.C. locations.

The hotel will span 61,263 square feet and house 198 rooms along the second through 13th floors, according to property records. The top floor is expected to include a rooftop bar and lounge with additional outdoor seating. Red Lion’s announcement in February indicated that the hotel would have 171 rooms. Representatives for the hotel and developer couldn’t immediately be reached to comment on the room count.

Brooklyn North Capital shelled out $4.7 million for the four properties in March 2015. It does not appear that demolition applications have yet been filed. The hotel is expected to open in 2019.

Since 2010, developers have filed for nearly 3,400 rooms across 38 hotel projects in Long Island City since 2010. Of those, 23 are set to open by 2019, according to hotel research firm STR, including the 120-key Towne Place Suites Hotel and the 176-key Aloft Hotel.

The Real Deal reported last week that permit applications for just six new hospitality properties city-wide were filed in the first three months of 2016. The downward trend on hotel construction started in 2015 and reflects the greater trend in reduced permit filings across New York City.

Correction: A previous version of this story did not make clear that BNC purchased all four sites for $4.7 million. 


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
John Gilbert (Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Rudin COO and tech chief John Gilbert to step down
Rudin COO and tech chief John Gilbert to step down
Craig Solomon, ceo, Square Mile Capital (iStock)
Square Mile issued record $3.1B of loans fueled by multifamily, life sciences
Square Mile issued record $3.1B of loans fueled by multifamily, life sciences
The cryptonaires will see you now
The cryptonaires will see you now
The cryptonaires will see you now
TENNY Policy Director Martha Star and New York City Comptroller Brad Lander (NYU Wagner, New York City Comptroller)
Last Stand: Property tax reformers recruit Lander to lawsuit
Last Stand: Property tax reformers recruit Lander to lawsuit
Land trust snags 100 acres in red-hot North Fork for “bargain”
Land trust snags 100 acres in red-hot North Fork for “bargain”
Land trust snags 100 acres in red-hot North Fork for “bargain”
arrow_forward_ios

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

Loading...