9775 Victory Hwy Painted Post, NY 14870

Property Details for 9775 Victory Hwy

Year built

1994

Lot size

2.47 lot acres

Property size

41,725 SF

Property type

Hospitality properties

Property subtype

Hotels

Description

This exceptional 67-key Holiday Inn Express hotel in Painted Post, NY, presents a compelling investment opportunity. Boasting a prime location on a 2.47-acre lot at 9775 Victory Hwy, this three-story, 41,725 square foot property enjoys convenient access to I-86 and Victory Highway, ensuring high visibility and accessibility for business and leisure travelers. The hotel, built in 1994 and extensively renovated in 2024 ($2 million investment), meets all Formula Blue 2.0 requirements, with only minor exterior painting needed. The current franchise agreement is renewed for 15 years and is transferable. The property offers 74 parking spaces and features amenities including a business center, fitness center, indoor pool, and complimentary breakfast. Each guest room includes high-speed internet, a 37-inch flat-screen TV, microwave, and mini-refrigerator. The hotel benefits from its proximity to major employers like Corning Incorporated, Siemens Energy, and Guthrie Corning Hospital, as well as popular tourist destinations such as the Finger Lakes wine region and Watkins Glen International. With a current occupancy rate of 55.5% and a price per key of $119,402.99, this fee-simple property offers strong investment fundamentals and minimal capital expenditure requirements for the new owner. The property's location within a market projected to experience no significant supply-side pressures ensures a stable revenue stream and strong return on investment. This is a rare opportunity to acquire a well-maintained, high-performing hotel in a thriving location. The asking price is $8,000,000.

Location Insight

City

Painted Post

County

Steuben

State

New York

Longitude

-77.1063

Latitude

42.1724