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, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
