Hotel-Motel
Red Roof Inn Syracuse
6614 Thompson Rd, Syracuse, NY 13211
Listing Price: $4,250,000
Investment Overview
Marcus & Millichap has been retained to exclusively market and offer the opportunity to acquire the Red
Roof Inn Syracuse, New York. The hotel is being offered fee simple for $4,250,000 or 2.7 times T-12 2024 room revenues. The hotel has 114 exterior corridor rooms with minimal PIP upon transfer. The Red Roof Inn Syracuse is priced to sell with significant upside being located just 10 miles from the soon to begin construction $100 Billion Micron Chip Project. The hotel receives strong occupancy historically and is located off of Interstate 90 in the commercial and cultural hub
of central New York State.
Listing Price: $4,250,000
Investment Highlights
- Priced to sell 2.7X RRM.
- 10 miles from $100B Micron Project.
- Minimal PIP 2023 Full Renovation Disruption.
- $37,280/Key
Investment Overview
Marcus & Millichap has been retained to exclusively market and offer the opportunity to acquire the Red Roof Inn Syracuse, New York. The hotel is being offered fee simple for $4,250,000 or 2.7 times T-12 2024 room revenues. The hotel has 114 exterior corridor rooms with minimal PIP upon transfer. The Red Roof Inn Syracuse is priced to sell with significant upside being located just 10 miles from the soon to begin construction $100 Billion Micron Chip Project. The hotel receives strong occupancy historically and is located off of Interstate 90 in the commercial and cultural hub of central New York State.
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