Hotel-Motel

Ramada East Syracuse Carrier Circle

6555 Old Collamer Rd S, East Syracuse, NY 13057

Listing Price: $3,900,000

Cap Rate
9.60%
Number of Rooms
128
Gross SF
257,004
Price/Room
$30,469
Price/Gross SF
$15.17
Year Built
1965

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ramada East Syracuse Carrier Circle, a two-story 128-room hotel, and the vacant land adjacent to the hotel, conveniently located in the business center just off the New York State Thruway and less than six miles from world-class shopping, Syracuse Hancock International Airport, Syracuse University, downtown attractions, and beautiful Lake Onondaga. Located just minutes outside of downtown Syracuse, the local area is known for its large manufacturing footprint and is home to companies such as Vantage Equipment, Feldmeier Equipment, and Haun Welding Supply. Adding to the bustle of the area, Carrier Circle boasts 33 restaurants, 15 hotels, and many corporate headquarters such as Aspen Dental Management Inc and Fastrac Markets. Hotel amenities include an indoor pool, business center, bar, complimentary breakfast, restaurant, and 1,450 square feet of event space. Each guestroom features complimentary WiFi, coffeemaker, flat-screen television, mini-refrigerator, microwave, and desk.

Investment Highlights

  • Located Off Interstate 90
  • Hospitality / Land Redevelopment Opportunity: Sale Includes 1.32 Acres of Vacant Land Adjacent to Ramada East Syracuse Carrier Circle
  • Abundance of Local Area Businesses
  • Proximity to Major Demand Generators Including Amazon Distribution Center and New York State Fairgrounds

Exclusively Listed By

Hotel-Motel

Ramada East Syracuse Carrier Circle

Listing Price: $3,900,000

Cap Rate
9.60%
Number of Rooms
128
Gross SF
257,004
Price/Room
$30,469
Price/Gross SF
$15.17
Year Built
1965

Investment Highlights

  • Located Off Interstate 90
  • Hospitality / Land Redevelopment Opportunity: Sale Includes 1.32 Acres of Vacant Land Adjacent to Ramada East Syracuse Carrier Circle
  • Abundance of Local Area Businesses
  • Proximity to Major Demand Generators Including Amazon Distribution Center and New York State Fairgrounds

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ramada East Syracuse Carrier Circle, a two-story 128-room hotel, and the vacant land adjacent to the hotel, conveniently located in the business center just off the New York State Thruway and less than six miles from world-class shopping, Syracuse Hancock International Airport, Syracuse University, downtown attractions, and beautiful Lake Onondaga. Located just minutes outside of downtown Syracuse, the local area is known for its large manufacturing footprint and is home to companies such as Vantage Equipment, Feldmeier Equipment, and Haun Welding Supply. Adding to the bustle of the area, Carrier Circle boasts 33 restaurants, 15 hotels, and many corporate headquarters such as Aspen Dental Management Inc and Fastrac Markets. Hotel amenities include an indoor pool, business center, bar, complimentary breakfast, restaurant, and 1,450 square feet of event space. Each guestroom features complimentary WiFi, coffeemaker, flat-screen television, mini-refrigerator, microwave, and desk.

Exclusively Listed By

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