Hyatt Place Garden City hotel sells for $31M
The Hyatt Place Garden City hotel was sold for $31 million to Summit Hotel Properties, Inc., the buyer said in a news release. Credit: Jason Andrew, 2011
The Hyatt Place Garden City hotel was sold for $31 million to Summit Hotel Properties, Inc., the buyer said in a news release.
The South Dakota-based Summit said it plans to put about $305,000 in improvements into the 122-room hotel on North Avenue in Garden City.
Several days before the sale closed on Dec. 27, the Town of Hempstead Industrial Development Agency approved the transfer of benefits on the property to the new owner that the pervious owner, South Carolina-based Oto Development Llc, received in the form of payments in lieu of taxes.
Sarra Sounds off, Ep. 32: Girls lax, Pisani's inspiration and more On the latest episode of "Sarra Sounds Off," Gregg Sarra and Tess Ferguson talk about the girls lacrosse season, plus hear the inspirational story of Carle Place's Vincenzo Pisani, plays of the week and more.
Sarra Sounds off, Ep. 32: Girls lax, Pisani's inspiration and more On the latest episode of "Sarra Sounds Off," Gregg Sarra and Tess Ferguson talk about the girls lacrosse season, plus hear the inspirational story of Carle Place's Vincenzo Pisani, plays of the week and more.
