Dorm Hotel and Student
518 Stewart Ave Ithaca, NY 14850
518 Stewart Ave, Ithaca, NY, 14850
Contact for pricing
For Sale
Contact for pricing
31-room dorm hotel with accompanying student housing unit, recently renovated, adjacent to Cornell University.
Days on Market98
Property Features for 518 Stewart Ave
General Information
- Standard status
- Active
- Property subtype
- Hospitality
Building Details
- Year Built
- 1947
Listing agency
JLL - New York City, New York
(248) 798-0105
Listed by
Jane Sidon · License #10401401730
Source
Crexi
Added: Apr 17 Updated: Jul 22 at 10:53PM Checked: Jul 22 at 10:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - New York City, New York
Investment Insights
Based on property information with market context.
The offering includes a 31-room Dorm Hotel along with an accompanying student housing unit (collectively, the “Property”). The hotel and student housing components have recently been renovated, providing updated guest and resident accommodations within a purpose-aligned dorm-style setup.
The Property is positioned directly adjacent to Cornell University in Ithaca, New York. JLL notes that local zoning prohibits new hotel construction this close to campus, creating a permanent supply barrier. The remarks also cite Cornell’s nearly 27,000-student enrollment and year-round academic and events calendar as a consistent transient demand base, supplemented by a growing healthcare sector anchored by Centralus Health (a 6,000-employee system formed in 2025). The broader market context provided includes RevPAR growth of 23% above 2019 levels with no new supply in the pipeline.
The Property is positioned directly adjacent to Cornell University in Ithaca, New York. JLL notes that local zoning prohibits new hotel construction this close to campus, creating a permanent supply barrier. The remarks also cite Cornell’s nearly 27,000-student enrollment and year-round academic and events calendar as a consistent transient demand base, supplemented by a growing healthcare sector anchored by Centralus Health (a 6,000-employee system formed in 2025). The broader market context provided includes RevPAR growth of 23% above 2019 levels with no new supply in the pipeline.
Key Highlights
- 31‑room dorm hotel with an accompanying student housing unit, recently renovated
- Adjacent to Cornell University
- Year built: 1947
Property Analytics
Location Intelligence
Current Use by Public Records
The Dorm Hotel
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - 31-room dorm hotel with accompanying student housing unit, recently renovated, adjacent to Cornell University.
Where is this hotel located?
The property is located at 518 Stewart Ave Ithaca, NY.
What are key features of this property?
This property features: 31‑room dorm hotel with an accompanying student housing unit, recently renovated; Adjacent to Cornell University; Year built: 1947
