Listed by ACADIA Lodging Brokers & Advisors
Unpriced
Red Roof Inn Syracuse
Details
APN 025.-03-05.2
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 38,848
Keys 114
Year Built 1986
Year Renovated 2023
Buildings 1
Stories 2
Acreage 2.910
Zoning Industrial
Ownership Fee Simple
Receiver Sale - Red Roof Inn Syracuse
Marketing description
Acadia Lodging Brokers and Advisors, Inc. is pleased to present to qualified investors the opportunity to acquire the receiver managed, fee-simple interest in the 114-room Red Roof Inn Syracuse (“Hotel” or “Property”), located at 6614 North Thompson Road, Syracuse, New York 13206.
Tour Dates
June 10th to June 12th
By appointment only with Acadia Lodging Brokers & Advisors
TERMS OF SALE
“As Is” Fee Simple
Free and clear of management
Call for Offers
July 13th
Confidential Agreement
Use the following ling for the Confidential Agreement:
https://secure.rightsignature.com/templates/e45dfe45-80ca-4456-8773-66b0b637c3a7/template-signer-link/471ad0d30e6e242d58510855f76b6f94
Please DO NOT contact the staff, receiver, lender or ownership of the Hotel. Additional information or arranging a site tour will be provided by Acadia Lodging Brokers & Advisors.
Investment highlights
- The Red Roof Inn was constructed in 1986 and is situated on an approximately ±2.91-acre site. The Hotel consists of a three-story, ±38,848 -square-foot building featuring 114 exterior-corridor guestrooms and one guest elevator.
- The Hotel is being offered unencumbered of management through a receivership sale, allowing new ownership to implement new revenue management, sales initiatives, and cost control strategies. The Property was recently closed in May and placed under the management of a receiver.
- The Property has excellent accessibility from Interstates 90 and 81. Interstate 90 (New York Thruway) acts as a connecting roadway to Interstate 81 and extends approximately ±385 miles across New York State.
- Construction costs have escalated in the past decade. The property is offered for sale well below replacement cost.
- The property has operated with Red Roof franchise since 2020 and was renovated in 2023. A Product Improvement Plan (“PIP”) is expected to be required to meet current brand standards and will provide a fresh opportunity to reposition the hotel. Premises will be sold “As Is."
- The Syracuse, combined with Onondaga County serve as the major metropolitan center of New York. Often referred to as the “Crossroads of New York State.” Syracuse benefits from its central location and the intersection of two interstates, I-90, and I-81. As such Syracuse market area serves as the economic and institutional hub of Central New York, supported by diverse demand generators such as healthcare, higher education, advanced manufacturing, logistics, and public-sector employment.
- The Property is within a driving distance of numerous regional attractions and demand generators, including the Oncenter, New York State Fairgrounds, Burnet Park Zoo, Silverman Planetarium, and Green Lakes State Park. Additionally, the Hotel is located near Syracuse Hancock International Airport, Hancock Field Air Guard Station, Syracuse Amtrak Station, Saint Joseph’s Hospital, Syracuse University, and Le Moyne College.
- The largest semiconductor manufacturing facility in U.S. history, the Micron is currently under construction only 10 miles north of the Hotel. The project is expected to exceed $100 billion and create 9,000 direct Micron jobs, with estimates projecting up to 50,000 permanent regional jobs. The project is projected to generate over $16 billion in annual regional economic output by 2041.
Listing Contacts
Listed by ACADIA Lodging Brokers & Advisors
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
