Chic Park Slope boutique hotel property seeks new owner
CPEX Given Exclusive On Slope's Hotel Bleu
Sacre bleu! Park Slope’s Hotel Le Bleu is for sale.
CPEX Real Estate has the exclusive listing for the seven-story, 48-room boutique hotel, which opened in 2007 at the beginning of a wave of lodging construction in Park Slope and Gowanus.
The asking price is $12 million for the building and the ground beneath it. The independent operator of the hotel, Gangeshwar LLC, has a 99-year hotel net lease that began in November 2007 with a rent that escalates 3% every five years.