Listed by Besen Partners Real Estate Solutions, Besen Partners
$6,500,000
Microtel Inn & Suites Binghamton, NY
Details
APN 143.51-2-1.1
Property Type Hospitality
Square Footage 17,904
Units 1
Cap Rate 10.50%
NOI $680,000
Year Built 2016
Stories 3
Lot Size (SqFt) 41,736
1 Hour from Micron's $100 Billion Mega Factory: High Cash Flow | 2016 Built | 3- Story Box
Marketing description
Besen Hotel Advisory Group is pleased to present the exclusive offering of the Microtel Inn & Suites by Wyndham Binghamton- a 57-room, interior-corridor economy hotel opened in July 2016 at 400 Prospect Street in Binghamton, New York. The property is offered at $6,500,000, implying a 10.5% trailing cap rate on 2025 net operating income vs. the CoStar-confirmed Binghamton market cap rate of 10.3%. The offering presents a clear path to income growth through ADR recovery, occupancy stabilization, and revenue management optimization under new ownership.
Access the Data:
Investment highlights
- Proven Cash Flow & Stable Operations- $1.66M room revenue and $679K NOI in 2025. ADR grew +3.1%YOY ($107.90 → $111.20), fully offsetting a 1.6 pt occupancy decline— RevPAR held flat at $79.73, demonstrating durable pricing power in the Binghamton market.
- Newest Product in Competitive Set- Built 2016 — 18+ years newer than the comp set average (1985vintage). Modern 3-story interior corridor design with no deferred maintenance risk. Only $200K recommended refresh. TripAdvisor #1 of 11 hotels in Binghamton.
- Dominant RevPAR Outperformance- Subject RevPAR of $79.73 outperforms the M&E class by +47.6%($54 avg per CoStar, Jan 2026). ADR of $111.20 leads the segment by +11.2% ($100 class avg). Consistent outperformance across 2023, 2024, and 2025.
- Multi-Driver Institutional Demand- Lockheed Martin, BAE Systems, Binghamton University (18,000+),UHS Wilson Medical, and NYSEG anchor weekday demand. 109K+MSA employees and $7B+ annual Broome County GDP underpin consistent year-round occupancy. Lastly, this asset is located only one hour from Micron's $100Billion Mega Factory making it the biggest semiconductor investment in US History.
- Zero Supply Pipeline- CoStar confirms zero hotels under construction and zero new deliveries in Binghamton across all classes as of March 2026. Submarket inventory contracted -4.1% in 2025 as older hotels exited— net benefit to subject's rate positioning.
Listing Contacts
Listed by Besen Partners Real Estate Solutions, Besen Partners
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$680,000.00
$56,666.67/mo
Valuation Metrics
0
DSCR
10.46%
Cap Rate
10.46%
ROI
Map
Zoning
R-2 ResidentialTwo FamilyResidential
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 12 uses
View all 12 uses Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
