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 $4,700,000 or 3 times 2023 room revenues. The hotel has 114 exterior corridor rooms with minimal PIP upon transfer and has been realizing double digit increase in occupancy after just completed a full renovation in 2023. 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.