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Mostly Cloudy A new hotel in Long Beach?
Jackson Hotel is sold and undergoing extensive renovations
The Jackson Hotel — for years the only hotel in Long Beach — which fell into disrepair and struggled financially before it recently closed its doors, was purchased for approximately $5.2 million earlier this month.
The building, at 405 E. Broadway, is undergoing extensive renovations, but whether it will reopen as a hotel has yet to be determined, according to the new owner, David Kadosh.
The 120-room, 60,000-square-foot hotel was sold two weeks ago to 405 Hotel LLC, according to sources with knowledge of the sale. Built in the late 1920s, it had been on the market for more than five years. Earlier this year, it had a listing price of $10 million, according to Loopnet.com, a commercial real estate website. The Nassau County clerk's office said it could not confirm the final sale price for at least a few months.
Once charging $79 to $129 per night, the Jackson collected poor reviews on a number of travel websites. It was the city’s only hotel until the posh Allegria opened in 2009. The former owner, Jackson Associates of Nassau Inc., struggled to keep the chronically empty hotel afloat, but a number of current and former city officials said that the venture was no longer profitable.
There were at least two unsuccessful attempts in the past decade to convert the hotel to condominiums or to demolish it and replace it with condos. Several years ago, the Jackson was used briefly to house homeless families, with funding from the Nassau County Department of Social Services, before the city slapped it with violations for improper use, according to one former city official who declined to be identified.
“The city has been incredibly diligent in trying to make sure that the building is safe,” the former official said, “and if not safe, closed down [so it] doesn’t become a blight in the community.”
Most recently, the hotel had been used by a yeshiva before being closed for months amid a number of lawsuits, liens against the property and Building Department and Health Department violations.
