Wealthy and promising real estate investors must invest in Manhattan real estate. Manhattan's real estate has maintained its value as more foreign investment was brought in 2012, favorable interest rates and inventories fell. A recent industry analysis found that Manhattan's residential real estate investment outperformed similar major cities such as Los Angeles and San Francisco. Although foreign investment in Manhattan real estate has increased this year, accounting for nearly 9% of all sales, Americans are also investing in Manhattan. This year, Americans will purchase 7 of 12 real estate investments.
Given this real estate market, who will give up the opportunity to invest in real estate, is real estate not only safe, but also part of Manhattan's history? This idea undoubtedly inspired unit buyers at the Lombardy Hotel at 11 East 56th Street in New York City. The Lombardy Hotel's privileged city centre location is just a short walk from famous Manhattan landmarks such as Central Park, the Theater District and designer boutiques on Fifth Avenue. Most of the hotel’s suites are individually owned and rented out to visitors. The Lombardy Grand Hotel has only 162 rooms and suites, spread over 22 floors, spacious and decade waste. Investors or individuals seeking a Manhattan alley are optimistic about the Lombardy Hotel. The turndown service twice a day reflects a carefree life.
The Lombardy Hotel reflects the classic old world charm and luxury. Given its legacy, this should be expected. The Lombardy Hotel was built in 1926 by William Randolph Hearst, a newspaper, and is a gift from Brandon Davies. Davis is a famous silent film actor and Hearst's lover. The beautiful stone facade of the Lombardy Grand Hotel symbolizes his reverence for her. Today, Lombardy's classic limestone design is also proud of its steel background. It is still a statement build. Inside, the marble-paved lobby greets visitors with its massive mahogany stairs. The walls of the hall are decorated with antique art and antique mirrors. The Lombardy Hotel is versatile and offers a gym, business center and spa. Those wishing to live or invest in a hotel apartment should contact Wald Real Estate, the exclusive agent of the Lombardy Hotel.
Owned but not occupied rooms can be rented out to tourists and short-term guests. A review of countless travel and hotel websites online shows that guests rated the Lombardy region as 4 to 5 stars. The spacious rooms and the exquisite service of the staff made those visiting people feel overwhelmed. Suites with kitchenettes are especially attractive to hotel guests who can rent these spacious suites for 30% less than the standard Manhattan hotel price [depending on the season].
The return of investors and the subsidy cost of operating hotels in this way have made Lombard Hotels a successful experiment in real estate investment. Other hotels in Manhattan have followed suit. Currently, hotels such as Gansevoort, W, Carlyle and Ritz-Carlton offer home and homeowner options.