NYC Hotel Advisory & Capital Markets | Mendy Realty
NYC Hospitality Market Data
Live Feed
$294.50
+3.2% YoY
Avg NYC RevPAR ()
82.3%
Trending Up
Manhattan Occupancy
68.0M
+5.4% vs 2025
Projected 2026 Visitors
4.12%
10-Yr Treasury
US Treasury Yield
5.31%
Easing Trend
SOFR Index
Transaction Strategies

How We Drive Value

From off-market dispositions to complex capital structuring, every engagement is handled with institutional precision and complete discretion.

Sale-Leasebacks (OpCo/PropCo)

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

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Hotel Conversions & Adaptive Reuse

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

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Management Company Selection

Running competitive RFP processes to match hotel assets with top-tier third-party management companies, dramatically improving NOI and operational performance.

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Off-Market Asset Sales

Discreetly marketing operational hotels, boutique properties, and distressed assets to our private network of institutional capital and family offices.

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Ground-Up Developments

Site sourcing, air rights assemblages, and JV equity structuring for new hotel construction in high-barrier New York City corridors with proven demand.

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Ground Leases

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

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Market Intelligence

Biggest Plays & Trends in NYC

Proprietary insight drawn from two decades of on-the-ground deal flow and institutional relationships across the five boroughs.

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 with strong RevPAR fundamentals.

01
Capital Markets

Foreign Capital Returns

We are tracking a significant influx of Middle Eastern and Asian sovereign wealth re-entering the Manhattan luxury hospitality space, seeking trophy assets and joint venture development opportunities.

02
Data Point

ADR Surpasses 2019 Peaks

Average Daily Rates in the luxury and upper-upscale segments have not only recovered but are stabilizing at 15 to 20 percent above pre-pandemic peaks, driving renewed institutional investor appetite.

03
Our Approach

From Mandate to Close

A disciplined, four-stage process refined over 20 years of New York City hotel transactions.

01

Confidential Intake

We begin with a private, no-obligation consultation to understand your asset, goals, and timeline with complete discretion.

02

Valuation & Strategy

Our team delivers a proprietary market analysis, capital stack review, and transaction strategy tailored to your specific asset.

03

Private Market Access

We leverage our exclusive network of institutional buyers, family offices, and sovereign capital to generate qualified, off-market interest.

04

Execution & Close

We manage every detail from LOI through closing, coordinating legal, financing, and operational transitions for a seamless outcome.

Licensed NYC Real Estate Broker
100% Off-Market Discretion
NYC Exclusive Focus
Institutional Capital Network
20 Years of Execution
The Desk

Meet the Team

Senior professionals with deep New York City hospitality expertise and an unmatched network of institutional relationships.

Jeff Zalmy, Lead Hotel Broker Executive at Mendy Realty
Jeff Zalmy
Lead Hotel Broker Executive
Mendy Realty | Hospitality Division

With 20 years of localized New York City experience, Jeff leads the Mendy Realty 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 across all five boroughs.

ML
Mendy Lipsker
President & Founder
Mendy Realty Inc.

Mendy Lipsker founded Mendy Realty with a vision to bring institutional-grade advisory to New York City's most complex real estate transactions. As President, he oversees all capital markets activity, strategic partnerships, and the firm's growing commercial and hospitality portfolio.

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.

Call the Desk Directly
718.751.0738
or email us
Email the Hospitality Desk

All inquiries are handled with complete confidentiality. Mendy Realty Inc. is a Licensed Real Estate Broker in the State of New York.

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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