7.1 C
London
Wednesday, February 1, 2023

An iconic ‘romantic’ short-stay hotel is on the market in NYC

Must read

Startups included until March 2024 to get income tax benefits: FM

The cabinet proposed on Wednesday to extend income tax benefits Startup established until March 2024. Minister of Finance Nirmala Sitharaman also said the government...

Mukesh Ambani Overtakes Gautam Adani as Richest Indian on Forbes Real-Time Billionaires List

Last week, New York-based Hindenburg Research released a report alleging that the Gautam Adani-led group engaged in stock manipulation and accounting fraud. The...

Missing radioactive capsule found in Australia

A small but highly radioactive capsule that went missing in the Australian outback was found Wednesday after a frantic week-long search along an 870-mile...

South African digital lender Lulalend launches $35M Series B banking product • londonbusinessblog.com

In most African countries access to credit remains limited for many small businessesreasons ranging from the inability to pay collateral and lack of credit...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

The Liberty Inn, which advertises itself as the “sexiest” rooms in New York City, is up for sale, The New York Times reported.

The unique building has been around for nearly 50 years and features rooms with lip-shaped headboards, fancy sex chairs, and rates for two and six hours ($95 and $155) stays.

You can also stay overnight for $200-$250 depending on the room. “You won’t find any resemblance here to the traditional image of hotels that are open every hour,” says de the hotel’s website says. “You’ll find modern, vibrant, colorful rooms packed with many features that are tailor-made for romance.”

But now the hotel is for sale and looking for over $20 million, Reportedly. The owner told the NYT it was harder to maintain a hotel as an hourly hotel in a neighborhood that has become increasingly expensive. the meat processing district, just like other formerly industrial city districtshas seen house prices rise dramatically.

In particular, the average rent in Manhattan hit an all-time high of $5,113, according to curbed.

“So much has changed since the 1970s, when I called this area the ‘Wild West Side,'” Edward Raboy, owner of the inn — who sometimes went by the pseudonym Robert Boyd — told the NYT.

“It has now become an almost sedate kind of place. What was then appropriate for a hotel like this is not quite right anymore. Most importantly, the building is now more financially valuable to other people because it is so unique,” ​​he added. up.

Raboy told the NYT that his father owned the hotel before him. While it was fun to run the hotel, he added, “hourly hotels are like that Rodney Dangerfield quote, ‘You don’t get no respect,'” he told the outlet. “But it was a fantastic run.”

londonbusinessblog.com could not immediately reach Raboy for additional comment.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Startups included until March 2024 to get income tax benefits: FM

The cabinet proposed on Wednesday to extend income tax benefits Startup established until March 2024. Minister of Finance Nirmala Sitharaman also said the government...

Mukesh Ambani Overtakes Gautam Adani as Richest Indian on Forbes Real-Time Billionaires List

Last week, New York-based Hindenburg Research released a report alleging that the Gautam Adani-led group engaged in stock manipulation and accounting fraud. The...

Missing radioactive capsule found in Australia

A small but highly radioactive capsule that went missing in the Australian outback was found Wednesday after a frantic week-long search along an 870-mile...

South African digital lender Lulalend launches $35M Series B banking product • londonbusinessblog.com

In most African countries access to credit remains limited for many small businessesreasons ranging from the inability to pay collateral and lack of credit...

Tiger Global says returns in India are ‘historically bad’ but optimistic about future prospects • londonbusinessblog.com

Tiger Global believes India is likely to earn the highest equity returns in the world going forward, his partner Scott Shleifer said during an...