Coming Soon: Times Square Hotel: IHG VOCO

About

Yieldwink is currently taking indications of interest for this offering. To express your interest, simply email info@yieldwink.com with your full name, best email, and investment amount.

Yieldwink proudly presents the opportunity to invest in a premier Times Square New York Hotel Development located on 711 7th Ave, situated directly across the staple "red steps" of Times Square. The VOCO Times Square Hotel may be one of the last hotels that will be developed in Times Square due to a 2021 zoning amendment requiring future hotels to receive a special permit, of which zero have been granted. VOCO hotel was approved prior to the new zoning amendment. Notably, the VOCO is being developed as a non-union hotel

 

 

financial summary

  • Targeted Investor IRR: 18.3%
  • Targeted Equity Multiple: 1.48x
  • Offering Type: Real Estate
  • Class: Preferred Equity
  • Term: 3Y
  • Minimum Investment: $50,000.00
  • Preferred Return: 17.5%
  • Goal: $3,950,000