Romana Hotel Long Island City

The Romana Hotel represents a 152‑room, 11‑story limited‑service asset recently reopened following a full operational reset. Completed in 2014 and formerly flagged as a Howard Johnson, the 58,960 SF building features a breakfast room, fitness center, meeting area, and commercial laundry on a 10,000 SF site. Its location in western Queens is within walking distance of the Queensboro Bridge, subway, and key LIC retail corridors. The hotel has been appraised on an as‑is, going‑concern basis at $34.2 million, supported by sales of comparable local hotels between $250,000–$350,000 per key. The property’s fresh relaunch and modern infrastructure enable near‑term occupancy ramp‑up, while M1‑3 zoning allows continued hospitality use or long‑term redevelopment under a mixed‑use framework. The asset combines immediate operating potential with the intrinsic land value of LIC’s transforming industrial zone.