6614 Thompson Rd, Syracuse, NY 13206-1318

Exceptional investment opportunity: The Red Roof Inn Syracuse, a 114-key hotel, is offered for $4,250,000. This fee-simple property boasts 15,696 square feet across a 2.91-acre lot, featuring a three-story building constructed in 1986 and fully renovated in 2023. The hotel enjoys a prime location in Syracuse, New York (13211), conveniently situated off Interstate 90, within the vibrant commercial and cultural heart of Central New York. Its strategic proximity—just 10 miles from the upcoming $100 billion Micron Chip Project—promises significant future growth potential. The property's strong historical occupancy rates and minimal required property improvements post-transfer make it an attractive proposition. With 114 exterior corridor rooms, the price per key stands at $37,280.70, and the price per square foot is $270.77. This represents a compelling investment opportunity with substantial upside potential. The property's recent renovation minimizes disruption, ensuring a smooth transition for the new owner. The asking price reflects a 2.7 times multiple of the trailing twelve-month 2024 room revenue. This well-maintained hotel presents a rare chance to acquire a profitable asset in a rapidly developing area.