Hotel-Motel
Clarion Pointe Jamestown - Falconer
2800 N Main St, Jamestown, NY 14701
Listing Price: $5,250,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Clarion Pointe Jamestown – Falconer, a 99-room, interior-corridor hotel located in Jamestown, New York. This two-story property is strategically situated just off Interstate 86, offering convenient access to a variety of regional demand generators, including nearby commercial centers, educational institutions, and cultural attractions.
The hotel is being offered at $5,250,000, with revenues of $1,776,129, representing a 2.9x room revenue multiplier. The property has minimal PIP requirements, reducing upfront capital exposure for an incoming owner. Clarion Pointe presents a strong investment opportunity for a hands-on operator, with a net operating income of $751,814 and an attractive cap rate of
14.32%.
Listing Price: $5,250,000
Investment Highlights
- Strategically situated off Interstate 86, offering convenient access to a variety of regional demand generators
- Minimal PIP
- Priced to sell at 2.9 RRM
- Recently Renovated (YE 2021)
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Clarion Pointe Jamestown – Falconer, a 99-room, interior-corridor hotel located in Jamestown, New York. This two-story property is strategically situated just off Interstate 86, offering convenient access to a variety of regional demand generators, including nearby commercial centers, educational institutions, and cultural attractions. The hotel is being offered at $5,250,000, with revenues of $1,776,129, representing a 2.9x room revenue multiplier. The property has minimal PIP requirements, reducing upfront capital exposure for an incoming owner. Clarion Pointe presents a strong investment opportunity for a hands-on operator, with a net operating income of $751,814 and an attractive cap rate of 14.32%.
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