Skip to main content

Hotel-Motel

Quality Inn Elmira Horseheads

2666 Corning Rd, Horseheads, NY 14845

Listing Price: $4,200,000

Cap Rate
11.50%
Number of Rooms
99
RevPAR
$42
Gross SF
113,256
Price/Room
$42,424
Price/Gross SF
$37.08
Year Built
1964

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn Elmira Horseheads, a one-story 99-room hotel located at the southern gateway of New York’s Finger Lakes area. The hotel’s unique destination is conveniently located near world-class restaurants, museums, vineyards and historic sites. The region is also a mecca for outdoor enthusiasts who can kayak, canoe, cycle or hike through woodlands. The hotel is located approximately five miles from Elmira Corning Regional Airport. Hotel amenities include: complimentary WiFi, outdoor pool, two meeting rooms, lounge/bar, vending machines, laundry facility, and elevators. Guest rooms feature a refrigerator, microwave, television, desk, hair dryer, and coffee/tea maker.

Investment Highlights

  • FEE SIMPLE
  • HOTEL CONVERTED FROM HOLIDAY INN EXPRESS TO QUALITY INN - MARCH 2019 Achieved Gross Revenues of $1.1 Million from March to December 2019
  • CHANGE OF OWNERSHIP INCLUDED HOTEL RENOVATIONS Lobby, Common Areas, Hallways, Hotel Exterior, Parking Lot, Breakfast Area, Meeting Rooms
  • TWO EVENT ROOMS
  • NEW WIFI EQUIPMENT INSTALLED IN 2021
  • HOTEL RESTAURANT LEASED TO OPERATOR - $3,000 Per MONTH
  • STRONG SUMMER 2021 PERFORMANCE FOR BOTH HOTEL AND COMP SET

Exclusively Listed By

Hotel-Motel

Quality Inn Elmira Horseheads

Listing Price: $4,200,000

Cap Rate
11.50%
Number of Rooms
99
RevPAR
$42
Gross SF
113,256
Price/Room
$42,424
Price/Gross SF
$37.08
Year Built
1964

Investment Highlights

  • FEE SIMPLE
  • HOTEL CONVERTED FROM HOLIDAY INN EXPRESS TO QUALITY INN - MARCH 2019 Achieved Gross Revenues of $1.1 Million from March to December 2019
  • CHANGE OF OWNERSHIP INCLUDED HOTEL RENOVATIONS Lobby, Common Areas, Hallways, Hotel Exterior, Parking Lot, Breakfast Area, Meeting Rooms
  • TWO EVENT ROOMS
  • NEW WIFI EQUIPMENT INSTALLED IN 2021
  • HOTEL RESTAURANT LEASED TO OPERATOR - $3,000 Per MONTH
  • STRONG SUMMER 2021 PERFORMANCE FOR BOTH HOTEL AND COMP SET

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn Elmira Horseheads, a one-story 99-room hotel located at the southern gateway of New York’s Finger Lakes area. The hotel’s unique destination is conveniently located near world-class restaurants, museums, vineyards and historic sites. The region is also a mecca for outdoor enthusiasts who can kayak, canoe, cycle or hike through woodlands. The hotel is located approximately five miles from Elmira Corning Regional Airport. Hotel amenities include: complimentary WiFi, outdoor pool, two meeting rooms, lounge/bar, vending machines, laundry facility, and elevators. Guest rooms feature a refrigerator, microwave, television, desk, hair dryer, and coffee/tea maker.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower