Confidential offering · Manhattan · Meatpacking District
For sale
Gansevoort
Meatpacking NYC
$230,000,000
Trophy boutique hotel at 18 Ninth Avenue (West 13th Street) — ~186 keys, heated rooftop pool, full-service F&B, and a corner presence in one of downtown Manhattan’s highest-barrier hospitality districts.
- Asking price
- $230M
- Keys
- ~186
- Address
- 18 Ninth Ave
- Borough
- Manhattan
FOR SALE · $230,000,000
18 Ninth Avenue at West 13th Street · New York, NY 10014
Presented by DOTS Construction
Offering summary
Asset overview for underwriting.
Gansevoort Meatpacking is a recognized downtown Manhattan hotel platform in the Meatpacking District — the neighborhood defined by cobblestone streets, adaptive-reuse warehouses, fashion retail, destination dining, and the southern terminus of the High Line.
Publicly reported property characteristics include approximately 186 guest rooms (including suites and a signature penthouse), a 45-foot heated rooftop pool, rooftop bar/lounge with skyline views, ground-floor dining, fitness facilities, and a corner frontage at Ninth Avenue and West 13th Street.
- Prime Meatpacking / Far West Village location — supply constrained for new hotels
- ~186 keys including suites and penthouse inventory
- Year-round heated rooftop pool + lounge (signature demand driver)
- Multiple F&B / activation venues beyond pure rooms revenue
- Walking access to High Line, Chelsea Market, Whitney Museum, Hudson River Park
PropertyGansevoort Meatpacking NYC
Asking price$230,000,000
Address18 Ninth Avenue, New York, NY 10014
NeighborhoodMeatpacking District, Manhattan
Block / frontageNinth Ave & West 13th Street (corner)
Guest rooms~186 rooms & suites
Signature amenity45-ft heated rooftop pool + bar
StatusFor sale · confidential process
Location analysis
18 Ninth Avenue
Meatpacking District
Lower Manhattan’s lifestyle core: cobblestone industrial fabric, the High Line, Hudson River waterfront, and walkable access to Chelsea, West Village, and Hudson Yards.
- High Line (Gansevoort end)~2 min walk
- Chelsea Market~5 min walk
- Whitney Museum~4 min walk
- Hudson River Park / Little Island~8–10 min walk
- 14th St–8th Ave (A/C/E/L)~4 min walk
- Hudson Yards~20–25 min walk / short transit
18 Ninth Avenue · New York, NY 10014 · Manhattan
Walkability & access
Walker’s Paradise location.
Meatpacking / West 13th is among Manhattan’s most walkable hospitality nodes. Scores below are neighborhood-level orientation (Walk Score methodology: 90–100 = Walker’s Paradise / Rider’s Paradise).
Walk Score
Walker’s Paradise — daily errands do not require a car. Fashion, dining, groceries, and culture are all on foot.
Transit Score
Rider’s Paradise — A/C/E/L at 14th St–8th Ave, PATH and multiple bus corridors within a short walk.
Bike Score
Very bikeable — Hudson River Greenway, protected lanes, and Citi Bike density across the far West Side.
Airport access
LGA ~7–8 mi · EWR ~14 mi · JFK ~18 mi. Private car, rideshare, and transit combinations serve corporate and leisure demand.
Demand drivers (walk shed)
High Line tourism, Whitney / gallery circuit, Chelsea Market F&B, fashion retail, tech/media offices, Hudson Yards spillover, West Village dining.
Car dependence
Minimal for guests and staff. On-site / nearby parking is a premium amenity, not a requirement for occupancy.
Neighborhood context
Meatpacking, High Line & the far West Side.
Photography below is real Manhattan / far West Side neighborhood imagery (High Line corridor, Hudson waterfront, midtown-to-downtown skyline context) selected to match the asset’s trade area — not tropical or generic “any city” resort stock.
Competitive set & comps
How buyers frame the trade area.
Competitive set is the nearby full-service / lifestyle hotel inventory that shares demand. Sale comps for trophy Manhattan hotels are infrequent and often off-market; figures below are for orientation and should be verified in the OM data room.
Primary competitive set (walk shed)
Property
Location
Positioning
Distance*
Gansevoort Meatpacking (subject)
18 Ninth Ave
Luxury boutique · rooftop pool
—
The Standard, High Line
848 Washington St
Lifestyle · iconic High Line straddle
~1–3 min
The Maritime Hotel
363 W 16th St
Boutique · distinctive product
~5–8 min
The High Line Hotel
180 Tenth Ave
Boutique · landmarked campus
~10–12 min
Hotel Chelsea / Chelsea set
W 23rd corridor
Lifestyle / cultural
~15–20 min
*Walking minutes approximate from 18 Ninth Avenue. Not an appraisal.
Underwriting reference points
~$1.24M / key
Asking $230M ÷ ~186 keys. Downtown Manhattan luxury boutique trades can clear high per-key when location, brand, and cash-flow quality align — confirm against OM trailing / T-12.
Supply constrained
New full-service hotel development in Meatpacking / far West Village faces zoning, landmark, and construction-cost friction — supporting replacement-cost narratives.
Leisure + corporate hybrid
High Line tourism, fashion weeks / showroom traffic, tech-media offices, and international leisure keep the district resilient versus pure midtown corporate hotels.
Rooftop pool premium
Year-round heated rooftop pool is rare at this scale in Manhattan and is a durable differentiator versus Standard / Maritime competitive set.
Post-reno story
Multi-year renovation (~2021, publicly described as multi-ten million) supports a “recent capital already in” narrative for buyers modeling capex reserves.
Confidential
Offered at $230,000,000. Marketing materials, rent rolls / STR, and quality of earnings available to qualified parties under NDA — not a public auction listing.
Investment thesis
Why $230M for this building.
Irreplaceable micro-location
Ninth & 13th sits at the confluence of Meatpacking retail, High Line tourism, and Hudson River lifestyle — a block buyers cannot recreate at scale.
Platform optionality
Boutique key count supports luxury branding, lifestyle operators, membership overlays, or long-term hold as a trophy hospitality asset (zoning/approvals dependent for any alternate use).
Amenity moat
Heated rooftop pool + bar with skyline views remains a hard-to-replicate Manhattan differentiator that feeds ADR, social demand, and brand heat.
Institutional packaging
Recognizable name, recent renovation capital, and a clear competitive set make lender and LP storytelling straightforward relative to unbranded inventory.
Next step
Request the confidential package.
Gansevoort Meatpacking NYC is for sale at $230,000,000. Qualified buyers and advisors receive the OM outline, NDA, and data-room access.
- Phone (954) 945-8859
- Email info@dotsconstruction.com
- Asking price $230,000,000
- Presented by DOTS Construction