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Hotel-Motel

Comfort Inn Binghamton Apalachin

7664 NY-434, Apalachin, NY 13732

Listing Price: $2,649,000

Cap Rate
12.27%
Number of Rooms
51
RevPAR
$48
Price/Room
$51,941
RRM
2.90
Year Built
2013

Investment Overview

Marcus & Millichap's Duong Hospitality Group is proud to present a unique hotel investment opportunity in Apalachin New York. Offered for sale individually or as a portfolio are the Comfort Inn & Suites Apalachin NY and the former Quality Inn & Suites Apalachin. Located off exit 66 of the Southern Tier Expressway (NY-17/Future I-86) on the banks of the Susquehanna River 12 Miles from Binghamton, New York, six miles from Owego, New York and five miles from the Pennsylvania state line the property benefits from a traffic count of over 41,000 cars per day. Comfort Inn Apalachin was built in 2013 with 52 guest rooms and in 2021 was updated and reflagged as a Comfort Inn after being independent since 2019. Historic revenues of over $1 million from a mix of business travelers, casino guests and highway traffic and long-term stays from local employer Lockheed Martin and Oil and Gas operators.

Investment Highlights

  • 2021 Repairs / Improvements, Soft Good, Patio, Rooms Painted
  • Offered Below Replacement Cost
  • Minimal Transfer PIP (2021 Comfort Conversion)

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Financing By

Hotel-Motel

Comfort Inn Binghamton Apalachin

Listing Price: $2,649,000

Cap Rate
12.27%
Number of Rooms
51
RevPAR
$48
Price/Room
$51,941
RRM
2.90
Year Built
2013

Investment Highlights

  • 2021 Repairs / Improvements, Soft Good, Patio, Rooms Painted
  • Offered Below Replacement Cost
  • Minimal Transfer PIP (2021 Comfort Conversion)

Investment Overview

Marcus & Millichap's Duong Hospitality Group is proud to present a unique hotel investment opportunity in Apalachin New York. Offered for sale individually or as a portfolio are the Comfort Inn & Suites Apalachin NY and the former Quality Inn & Suites Apalachin. Located off exit 66 of the Southern Tier Expressway (NY-17/Future I-86) on the banks of the Susquehanna River 12 Miles from Binghamton, New York, six miles from Owego, New York and five miles from the Pennsylvania state line the property benefits from a traffic count of over 41,000 cars per day. Comfort Inn Apalachin was built in 2013 with 52 guest rooms and in 2021 was updated and reflagged as a Comfort Inn after being independent since 2019. Historic revenues of over $1 million from a mix of business travelers, casino guests and highway traffic and long-term stays from local employer Lockheed Martin and Oil and Gas operators.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

Financing By

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