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Hotel For Sale • 165,969 SF
| Investors have an opportunity to streamline and potentially reduce room expense through their own management strategies, enhancing profitability |
| Property underwent renovations, major aspects of the PIP have been attended to. A PIP was done in 21/22. Cost to complete remaining PIP is $800K. |
| Owner operated asset, room to improve revenue management, STR analysis: high MPI% indicating room to increase all property level fundamentals |
| 10-minute drive from the airport, location caters to both business and leisure travelers. Proximity to corporate offices enhances its appeal. |
| Rochester’s hospitality sector is witnessing a positive upswing, marked by increased occupancy rates up from 59% post covid to 66.1% in 2023. |
| The hotel boasts an occupancy rate of 83.4%, demonstrating its appeal and consistent demand in its location. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Rochester (Empire Service - VIA Rail, Lake Shore Limited - VIA Rail, Maple Leaf - VIA Rail, Toronto - New York - VIA Rail) | 10 min | - | 5.7 mi |
| Airport | Drive | Walk | Distance |
| Frederick Douglass/Greater Rochester International | 13 min | - | 8.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 120 |
| Type: | Surface |
| Included in Rent: | Yes |
Arjun Sheth
Besen Partners
Arjun Sheth
Besen Partners
