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9775 Victory Hwy
Painted Post, NY 14870

$8,000,000 USD

Hotel For Sale  •  41,724 SF

Property Details

  • Property Type Hotel
  • Total Building Size 41,724 SF
  • Lot Size 2.47 AC
  • Building Class B
  • Year Built 1994
  • Zoning 05
0 Transit Score
24 Walk Score

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.

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Public Transportation

AirportDriveWalkDistance
Elmira/Corning Regional 21 min - 14.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 74
Type: Surface
Included in Rent: Yes
Katherine Dockery 334-313-6014 Connolly Investments
Katherine Dockery 334-313-6014 Connolly Investments