Hotel-Motel
Econo Lodge Inn & Suites Canandaigua
4232 NY-5, Canandaigua, NY 14424
Listing Price: $2,800,000
Investment Overview
Marcus & Millichap is proud to present the Econo Lodge Canandaigua in Canandaigua, NY. This two-story, interior-corridor hotel features 31 rooms and is located off Interstate 90, offering convenient access to major regional demand drivers. The property also includes an independent, franchise-free lodge with 24 exterior-corridor rooms. The hotel is being offered at $2,800,000, representing a 3.38x Room Revenue Multiplier. The Econo Lodge presents an excellent investment opportunity for a hands-on owner, with a $325,873 NOI and an 12% Cap Rate. Strategically situated between Rochester and Syracuse, the
property benefits from its position along a key travel corridor, with Interstate 90 seeing an average daily traffic count of 44,700 vehicles. The hotel experiences a healthy annual ADR of $107.45, with a strong comp set RevPAR of $53.81, comprised of comparable economy hotels.
Listing Price: $2,800,000
Investment Highlights
- 35 minutes from Rochester, 1 hour 10 minutes from Syracuse
- Minimal PIP
- 44,000+ VPD
- $325,873 NOI
- 31 Franchised 21 Long Term Rental
Investment Overview
Marcus & Millichap is proud to present the Econo Lodge Canandaigua in Canandaigua, NY. This two-story, interior-corridor hotel features 31 rooms and is located off Interstate 90, offering convenient access to major regional demand drivers. The property also includes an independent, franchise-free lodge with 24 exterior-corridor rooms. The hotel is being offered at $2,800,000, representing a 3.38x Room Revenue Multiplier. The Econo Lodge presents an excellent investment opportunity for a hands-on owner, with a $325,873 NOI and an 12% Cap Rate. Strategically situated between Rochester and Syracuse, the property benefits from its position along a key travel corridor, with Interstate 90 seeing an average daily traffic count of 44,700 vehicles. The hotel experiences a healthy annual ADR of $107.45, with a strong comp set RevPAR of $53.81, comprised of comparable economy hotels.
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