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Hotel-Motel

Ithaca Two Hotel Portfolio

1100 Danby Rd, Ithaca, NY 14850

Listing Price: Request For Offer

Number of Rooms
130
Gross SF
85,814
Year Built
2008

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ithaca Two Hotel Portfolio consisting of the Country Inn & Suites Ithaca and the Econo Lodge Ithaca. The properties are conveniently located just off State Route 96B and less than seven miles apart in the Southern end of Cayuga Lake in Central New York, Ithaca. The Country Inn & Suites is a two-story 58-room hotel. Amenities include: complimentary shuttle to area businesses and attractions, wireless internet access, heated indoor pool, business center, complimentary breakfast, and fitness center. Guest rooms feature a television, plush guest robes, refrigerator, microwave, and coffeemaker. The hotel also features Whirlpool Suites with additional amenities such as a king bed, open floor plan, and two-person Whirlpool tub. The Econo Lodge Ithaca is a two-story 72-room hotel. Amenities include: complimentary wireless internet access, business center, complimentary breakfast, newstand, laundry facility, fitness centerm and complimentary airport transportation. Guest rooms feature a television, refrigerator, iron and iron board, hairdryer, and microwave.

Investment Highlights

  • Combined Gross Revenue $4 Million
  • $1.2 Million Combined Net Operating Income
  • Assumable Debt Available
  • Great Market - Over a Decade of Consistent REVPAR Growth
  • Close Proximity to Cornell University, Ithaca College, and Cayuga Lake, Ithaca Tompkins Regional Airport
  • No New Economy/Midscale Development in Pipeline
  • Accessibility: Located off State Route 96B
  • Brand Recognition - Country Inn & Suites, Econo Lodge

Exclusively Listed By

Hotel-Motel

Ithaca Two Hotel Portfolio

Listing Price: Request For Offer

Number of Rooms
130
Gross SF
85,814
Year Built
2008

Investment Highlights

  • Combined Gross Revenue $4 Million
  • $1.2 Million Combined Net Operating Income
  • Assumable Debt Available
  • Great Market - Over a Decade of Consistent REVPAR Growth
  • Close Proximity to Cornell University, Ithaca College, and Cayuga Lake, Ithaca Tompkins Regional Airport
  • No New Economy/Midscale Development in Pipeline
  • Accessibility: Located off State Route 96B
  • Brand Recognition - Country Inn & Suites, Econo Lodge

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ithaca Two Hotel Portfolio consisting of the Country Inn & Suites Ithaca and the Econo Lodge Ithaca. The properties are conveniently located just off State Route 96B and less than seven miles apart in the Southern end of Cayuga Lake in Central New York, Ithaca. The Country Inn & Suites is a two-story 58-room hotel. Amenities include: complimentary shuttle to area businesses and attractions, wireless internet access, heated indoor pool, business center, complimentary breakfast, and fitness center. Guest rooms feature a television, plush guest robes, refrigerator, microwave, and coffeemaker. The hotel also features Whirlpool Suites with additional amenities such as a king bed, open floor plan, and two-person Whirlpool tub. The Econo Lodge Ithaca is a two-story 72-room hotel. Amenities include: complimentary wireless internet access, business center, complimentary breakfast, newstand, laundry facility, fitness centerm and complimentary airport transportation. Guest rooms feature a television, refrigerator, iron and iron board, hairdryer, and microwave.

Exclusively Listed By

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