Connolly Investments, as the exclusive representative of the seller, is delighted to present to qualified purchasers the Holiday Inn Express Corning – Painted Post, located at 9775 Victory Hwy, Painted Post, NY 14870. This three-story, interior corridor, limited-service hotel recently underwent a complete interior renovation meeting Formula Blue 2.0 requirements, totaling $2 million in capital expenditures. The current franchise agreement has been reinstated for an additional 15 years and is available for change of ownership. The property is offered with fee-simple interest, unencumbered by management contracts and debt.
The Holiday Inn Express Painted Post boasts a prime location in a high-traffic area within Steuben County. Situated on a 2.47-acre site, the hotel benefits from convenient and direct access to key highways, including I-86 and Victory Hwy, ensuring a steady stream of business, transient, and leisure travelers.
Within a four-mile radius, guests can visit prominent local attractions such as the headquarters of Corning Incorporated, Downtown Corning, the Gaffer District, Rockwell Museum, and the Corning Museum of Glass. The hotel is also just 24 miles from the beautiful Finger Lakes Region, one of New York State's largest wine-producing areas. Additionally, the property provides easy access to Watkins Glen International, a NASCAR Racetrack that hosts races year-round and is a short 28-minute drive from the hotel.
The hotel offers an array of amenities, including a Business Center, Fitness Center, Indoor Pool, and Daily Breakfast. Each guest room is equipped with high-speed internet access, a 37-inch flat-screen television, a microwave, and a mini-refrigerator. The recent renovations, completed between December 2023 and May 2024, ensure that the property meets the highest standards of comfort and modernity.
This is an excellent opportunity for a new owner to acquire a property with minimal capital expenditure required at the change of ownership. The hotel has a consistent performance record with steady revenue and minimal supply-side pressures, making it a desirable investment. As an upper midscale property, the Holiday Inn Express Painted Post offers a lucrative investment opportunity in a prime location.