Cushman & Wakefield Sonnenblick Goldman Arranges Sale of Hilton Long Island/Huntington
Company's Global Hospitality Group represents an institutional ownership group in sale of full-service hotel located in Melville, NY
NEW YORK, June 6, 2011 - Cushman & Wakefield Sonnenblick Goldman's Global Hospitality Group announced today that the Hilton Long Island/Huntington, a 304-room property situated in the heart of the Route 110 business corridor in the center of Long Island, NY, has been sold by an institutional ownership group to Prudential Real Estate Investors and The Dow Hotel Company.
A Cushman & Wakefield Sonnenblick Goldman team led by Tom McConnell and Ernest Lee represented the sellers.
“This hotel is one of the premier full-service hotels and meeting destinations in Long Island,” said Tom McConnell, a senior managing director at Cushman & Wakefield Sonnenblick Goldman. “We received incredible interest during the sale which highlights the continued demand for well located, high quality hotels in the greater New York City area.”
The Hilton is located at 598 Broad Hollow Road in Melville, NY and is situated on the border of Nassau and Suffolk counties. The property is the sole full-service Hilton on Long Island and features approximately 30,000 square feet of meeting space.
In recent months, Cushman & Wakefield Sonnenblick Goldman's Global Hospitality Group has been involved in several of the nation's premier hotel transactions, including the sales of the JW Marriott San Francisco and the Hilton Rye Town in Rye Brook, New York, and the financing of a $170 million portfolio consisting of two Times Square hotels, a $212 million 9-hotel portfolio for FelCor Lodging Trust, and the Four Seasons Austin, among others.
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