{"id":1004218308,"date":"2018-04-11T04:07:15","date_gmt":"2018-04-11T12:07:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004218308"},"modified":"2022-12-07T02:31:30","modified_gmt":"2022-12-07T10:31:30","slug":"lightstone-buys-queens-hilton-garden-inn","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lightstone-buys-queens-hilton-garden-inn\/","title":{"rendered":"Lightstone Buys Queens Hilton Garden Inn"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004218332\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Hilton-Garden-Inn-in-Long-Island-City.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004218332\" data-attachment-id=\"1004218332\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lightstone-buys-queens-hilton-garden-inn\/lightstone-hilton-garden-inn\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Hilton-Garden-Inn-in-Long-Island-City.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Lightstone&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;(PRNewsfoto\/Lightstone)&quot;,&quot;created_timestamp&quot;:&quot;1523232000&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Lightstone Hilton Garden Inn&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Lightstone Hilton Garden Inn\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Hilton Garden Inn, Long Island City, Queens &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Hilton-Garden-Inn-in-Long-Island-City.jpg?w=800\" class=\"wp-image-1004218332 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Hilton-Garden-Inn-in-Long-Island-City.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Hilton-Garden-Inn-in-Long-Island-City.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Hilton-Garden-Inn-in-Long-Island-City.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Hilton-Garden-Inn-in-Long-Island-City.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004218332\" class=\"wp-caption-text\">Hilton Garden Inn, Long Island City, Queens<\/p><\/div>\n<p>Lightstone has acquired the Hilton Garden Inn in Queens&#8217;\u00a0Long Island City\u00a0neighborhood for $60 million, adding to its rapidly growing <a href=\"https:\/\/www.commercialsearch.com\/news\/moxy-to-debut-2-new-nyc-hotels-in-2018\/\">New York City hospitality portfolio<\/a>. The acquisition will be a joint venture between the company&#8217;s REIT II and REIT III. As of now, Lightstone will continue operating the hotel as a Hilton Garden Inn property.<\/p>\n<p>Located at 29-21 41st Ave., the 183-key Hilton Garden Inn Long Island City Queensboro Bridge hotel was built in 2015 and is LEED Certified. Guests have access to features such as a 24-hour business center, free Wi-Fi, a fitness center, full-service restaurant, four meeting rooms, 24-hour pavilion pantry market, ATM, bar area and snack shop.<\/p>\n<p><em>&#8220;We&#8217;re investing in growing our hospitality portfolio at all levels where we see value, and we see high potential in growing, transit-accessible areas like\u00a0<span class=\"xn-location\">Long Island City<\/span>,&#8221;<\/em> <span class=\"xn-person\">Mitchell Hochberg<\/span>, president of Lightstone, said in prepared remarks. <em>&#8220;The Hilton Garden Inn is situated not only in a convenient location just 10 minutes from Midtown Manhattan, but also in a thriving creative neighborhood packed with culture, bars, restaurants, and globally connected businesses.&#8221;<\/em><\/p>\n<p>The hotel is within close proximity to Queens Plaza, several large office developments, six different subway lines, as well as a 15-minute drive from La Guardia Airport and a 30-minute drive from John F. Kennedy International Airport. Local attractions include the Museum of Moving Image, Citi Field Stadium, Socrates Sculpture Park, Roosevelt Island, Times Square and Central Park.<\/p>\n<p><em>Image courtesy of Lightstone\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 183-key hotel was completed in 2015 and is LEED Certified. The acquisition will be a joint venture between the company&#8217;s REIT II and REIT III.<\/p>\n","protected":false},"author":746,"featured_media":1004218332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,1600,21742,10],"tags":[33115,33258,33261],"class_list":["post-1004218308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-new-york","category-latest","category-northeast","tag-hilton-garden-inn","tag-lightstone-group","tag-mitchell-hochberg"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lightstone Buys Queens Hilton Garden Inn - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lightstone-buys-queens-hilton-garden-inn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lightstone Buys Queens Hilton Garden Inn\" \/>\n<meta property=\"og:description\" content=\"The 183-key hotel was completed in 2015 and is LEED Certified. 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