9775 Victory Hwy - Hospitality FOR SALE
Painted Post, NY 14870 |
9775 Victory Hwy
Painted Post, NY 14870
HIGHLIGHTS
- Opportunity to acquire a fully operational, fee-simple 67-key Holiday Inn Express offering limited service, significantly below the replacement cost.
- Formula Blue 2.0 Interior Renovation completed with a $2M capital expenditure, alleviating the majority of renovation requirements.
- Siemens Energy, Corning Incorporated, and Guthrie Corning Hospital (all in a 3-mile radius) are leading employers in the area, attracting visitors.
- Close proximity to renowned attractions including Finger Lakes Region's wine trails, Watkins Glen International Racetrack, and downtown Corning.
- The Ithaca/Elmira market is projected to experience no significant supply side pressures on occupancies or room rates in the foreseeable future.
- IHG Hotels & Resorts ranks among the world’s leading hotel companies, with nearly one million rooms globally and over 110M loyalty members.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Holiday Inn Express Corning - Painted Post
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
41724
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1994
PARKING SPACES
74
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
05
APN/PARCEL ID
464289-280-000-0001-014-100
