225 CRESTMOUNT AVE Tonawanda NY 14150-6310

For registration requirements and regulations, please review here or contact Hannah Ladenheim | 936-274-1332 | [email protected].

Introducing the exclusive investment opportunity at the Center Way Hotel located at 225 Crestmount Avenue, Tonawanda, NY. This versatile property with 100 guest rooms and a potential multi-family conversion into 60 market-rate apartments, offers a range of possibilities for a new owner. From rebranding with a national franchise, to maximizing profitability through various marketing strategies. Boasting a robust annual revenue of $1 million and a prime location just minutes away from Niagara Falls and downtown Buffalo, the Center Way Hotel appeals to both leisure and business travelers. With amenities that include a breakfast area, in-house laundry facilities, the property is well-equipped to cater to guest needs. Don't miss out on this stable cash flow opportunity with significant upside potential. Whether you're looking to capitalize on the strong hospitality market, or explore the lucrative multi-family conversion option, the Center Way Hotel presents a rare chance to invest in a dynamic property in the heart of the Buffalo, New York region.

· Non-Contingent

· Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price

· Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum

· $10,000 Participation Deposit

225 Crestmount Ave, Tonawanda, NY 14150

• 100 interior corridor guestrooms - Located 20 minutes from Niagara Falls and downtown Buffalo

• Generates almost $1M annually as an Independent Hotel

• Potential for new owner to rebrand with a national franchise (Choice, Wyndham, Best Western, Etc.) to increase revenue further

• Opportunity for multi-family conversion to 60 apartments

• Stable Cash Flow with Upside Potential

• The property has a strong and stable cash flow

• There is upside potential through marketing initiatives, including updated website and social marketing presence, to capture a larger portion of the market share and increase profitability

• Prime Location

• Located in the popular Buffalo, New York area

• Close proximity to popular tourist destinations such as Niagara Falls, downtown Buffalo, and the University of Buffalo

• Conveniently situated near major highways, making it easily accessible for visitors