‘Dirtiest hotel’ in US for sale – People often make mistakes putting cash into a dump in the hope they can turn around but they often become nothing but Money Pits! Now the hotel dubbed the dirtiest hotel in the US is up for grabs and oddly there is big money bids rolling in and the sale looks to settle on a huge amount! But why?
Hotel Carter was three time winner of Trip Advisor’s dirtiest hotel in America until they scrapped the ratings in 2012. However a lot of comments still talk about the hotel’s problems and it’s far from fixed up!
First opened in the 30s as the Dixie Hotel the spot has something going for it, it’s located at West 43rd Street just off of Time’s Square!
So with the bids in it looks like the hotel may settle for $180 million but a complete gut and refit looking to cost at least $100 million will also be needed! An adult entertainment club on the ground level looks set to stay and brings in $1million rent a year.
It’s amazing what a location can give a property.
Knowing the ‘Dirtiest hotel’ in US is for sale, would you put in such a bid! Read more here.