Investment Overview

Marcus & Millichap is proud to present the Econo Lodge Massena, New York. The Econo Lodge Massena is two stories featuring 52 interior corridor rooms and is located off Highway 37. The hotel is offered at $1,895,000 or 2.74 Room Revenue Multiplier. The Econo Lodge represents an excellent investment opportunity for a hands-on owner with its $299,044 NOI at a 15.78 Percent Cap Rate. The hotel is strategically placed less than 30 minutes between two border crossings with Canada that process over 1.5mil+ vehicles per year and experiences a healthy annual ADR of $87.33 and a strong Comp Set RevPAR of $79.12 which are all Economy hotels. The property is located less than two hours from major Canadian cities: Montreal (population: 4.3mil), Ottawa (population: 1.4mil), and Kingston (population: 600k).