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Hotel Williamsburg Sells for $33M

NEW YORK CITY-The Brooklyn-based boutique hotel sets record price-per-key valuation.

By Miriam Lamey | Updated on March 15, 2012

NEW YORK CITY-The hotel industry is certainly buoyant as 2012 unfolds, as GlobeSt.com recently reported, and the Brooklyn market seems to be no exception. The local Hotel Williamsburg sold for $33 million, positing the transaction as the highest price-per-key valuation to date in the area, according to a Graves Hospitality release. King & Grove purchased the hotel property.

The boutique hotel has 64 guestrooms which cost around $520,000 per room. Other hotel amenities include a rooftop bar, underground parking and outdoor pool.

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