Vista Hospitality Lists JFK-Area Hotel for $80 Million
The 385-key Jamaica hotel property serves as a valuation benchmark for hospitality operators managing airport-adjacent assets.
Updated on Oct. 28, 2026 in Hospitality
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Vista Hospitality has placed its 385-key hotel near John F. Kennedy International Airport on the market. The owner is seeking between $75 million and $80 million for the 12-story property located in Jamaica, Queens.
Why it matters
The listing offers a benchmark for hospitality asset valuations in the high-traffic airport corridor. The sale comes shortly after the property secured a $36.5 million refinancing in April 2026.
The 385-key property, which underwent renovations in 2024, is being marketed at an expected sale price between $75 million and $80 million. This follows a $36.5 million refinancing of the hotel by Vista Hospitality in April 2026.
The players
Vista Hospitality
An investment firm that acquires and manages hospitality assets.
Eastdil Secured Savills
A commercial real estate brokerage firm specializing in institutional investment sales.
The details
The 12-story hotel at 135-30 140th Street includes 5,600 square feet of meeting space. Eastdil Secured Savills is currently managing the marketing process for the asset, which was originally constructed in the 1950s. The property previously operated as a DoubleTree by Hilton until its affiliation ended in 2013.
Timeline
1950s: The hotel building was originally constructed.
2008: Vista Hospitality acquired the hotel property.
2013: The hotel ended its affiliation with the DoubleTree brand.
2024: The hotel underwent significant property renovations.
April 2026: Vista Hospitality refinanced the asset with a $36.5 million loan.
Market Landscape
This listing reflects a broader industry trend of redeveloping and repositioning legacy 1950s airport-adjacent assets for modern hospitality standards. The sale marks a significant exit strategy for Vista Hospitality following the 2024 completion of capital improvements.
Operators should monitor this sale as a signal for pricing expectations on similar high-density airport hotel assets. The recent renovation history and debt-stack restructuring provide a case study on value-add strategies in mature hospitality markets.
The takeaway
Owners of legacy hospitality assets should evaluate the timing of their exit following recent capital improvements. Track the final sale price of this Jamaica property to benchmark the current valuation of airport-adjacent inventory.
Further reading
For broader trends in lodging assets, read more in Hospitality.
Source note: This article includes information reported by The Real Deal New York.
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