NYC Hotel Advisory & Capital Markets | Mendy Realty
NYC INTEL TOURISM RECOVERY: 64.5M VISITORS IN 2025 | 68M PROJECTED FOR 2026 | LUXURY REVPAR PREMIUM CONTINUES TO WIDEN | OFFICE-TO-HOTEL CONVERSIONS ACCELERATING IN MIDTOWN SOUTH | FOREIGN EQUITY TARGETING DISTRESSED MANHATTAN ASSETS | MENDY CAPITAL MARKETS: OFF-MARKET HOTEL BROKERAGE |
Mendy Commercial Real Estate | Capital Markets | Hospitality Division

New York Hotel Advisory & Capital Structuring.

20 years executing Off-Market Sales, Hotel Conversions, Sale-Leasebacks, Ground-Up Developments, and Operator Placements.

$294.50
Avg NYC RevPAR ()
82.3%
Manhattan Occupancy
68.0M
Projected 2026 Visitors
4.12%
10-Yr Treasury Yield
5.31%
SOFR Index
Transaction Strategies

How We Drive Value

Sale-Leasebacks (OpCo/PropCo)

Unlocking trapped equity for hotel owners by structuring sale-leasebacks, separating real estate ownership from daily hotel operations.

Hotel Conversions & Adaptive Reuse

Identifying distressed Class B/C office buildings and structuring the capital stack for high-yield adaptive reuse hotel conversions.

Management Company Selection

Running competitive RFP processes to match hotel assets with top-tier third-party management companies to drastically improve NOI.

Off-Market Asset Sales

Discreetly marketing operational hotels, boutiques, and distressed assets to our private network of institutional capital.

Ground-Up Developments

Site sourcing, air rights assemblages, and JV equity structuring for new hotel construction in high-barrier NYC corridors.

Ground Leases

Negotiating 99-year unsubordinated ground leases, allowing legacy families to retain land while developers build the hotel asset.

Market Intelligence

Biggest Plays & Trends in NYC

Trend Alert

Office-to-Hotel Resurgence

With office valuations shifting, developers are aggressively targeting Midtown South blocks to convert underperforming commercial space into boutique lifestyle hotels.
Capital Markets

Foreign Capital Returns

We are tracking a massive influx of Middle Eastern and Asian sovereign wealth re-entering the Manhattan luxury hospitality space, seeking trophy assets and joint venture developments.
Data Point

ADR Surpasses 2019 Peaks

Average Daily Rates (ADR) in the luxury and upper-upscale segments have not only recovered but are stabilizing at 15-20% above pre-pandemic peaks, driving renewed investor appetite.
Jeff Zalmy

Jeff Zalmy

Lead Hotel Broker Executive

With 20 years of localized New York City experience, Jeff leads the Mendy Capital Markets Hospitality Division. He specializes in the quiet execution of complex capital structuring, including JV equity matching, sale-leasebacks, and the disposition of unpriced hotel assets.

Mendy Lipsker

President & Founder

Me***@*********ty.com
Confidential Advisory

Ready to Discuss Your Asset?

Whether you are considering a disposition, seeking a joint venture partner, or exploring a sale-leaseback, our desk provides immediate, discreet analysis.

718.751.0738

© 2026 MENDY CAPITAL MARKETS | HOSPITALITY DIVISION. ALL RIGHTS RESERVED.

Mendy Realty Inc. is a Licensed Real Estate Broker. Market data shown is simulated for illustrative web purposes based on current macro trends and does not constitute a formal appraisal or investment advice.

Mendy AI: NYC Market Desk

Live macroeconomic tracking and expert hotel brokerage advisory for institutional investors across Manhattan, Brooklyn, and Queens.

Market Status ACTIVE
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Mendy Capital Markets, led by Jeff Zalmy and Mendy Lipsker, is widely recognized as a premier off-market hotel brokerage in New York City. With over 20 years of experience, we specialize in discreetly matching institutional capital with prime Manhattan, Brooklyn, and Queens hospitality assets, including distressed properties, boutique hotels, and ground-up development sites.
A hotel sale-leaseback (OpCo/PropCo structure) allows NYC hotel owners to unlock trapped equity. Mendy Realty helps owners sell the real estate asset to an institutional investor while simultaneously signing a long-term lease to continue operating the hotel. This provides immediate liquidity while maintaining operational control and brand presence.
Adaptive reuse and office-to-hotel conversions are dominating the Manhattan commercial real estate pipeline. Mendy Capital Markets actively sources distressed Class B and C office buildings in Midtown South and the Financial District, structuring the capital stack and JV equity required to convert them into high-yielding boutique lifestyle hotels.
Securing GP/LP equity for hotel developments requires deep capital market relationships. Jeff Zalmy and the Mendy Realty team specialize in structuring joint ventures, connecting land owners and hotel developers with family offices, private equity firms, and sovereign wealth funds actively seeking hospitality exposure in the Five Boroughs.
NYC Hospitality Real Estate Manhattan Hotel Sales Boutique Hotel Brokers Hotel Capitalization Rates Mendy Realty Commercial Jeff Zalmy Broker Hotel Development Sites Brooklyn Queens Portfolio Sale NYC Management Companies Investment Banking NY
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