617-912-7030
110 Commerce Park Dr, Watertown, NY for Sale
Hospitality - FOR SALE
1/21
null | Request Cap Rate

110 Commerce Park Dr
Watertown, NY 13601


HIGHLIGHTS

  • Fully Unencumbered: The Hotel is available completely unencumbered by Brand and Management
  • Superior Guest Room Product: The Hotel boasts superior guest room product, as current ownership spent approximately $1.8 million ($13k/key) in 2023
  • Deep Discount to Replacement Cost
  • No New Supply on the Horizon
  • Watertown International Airport Expansion

OVERVIEW

CBRE Hotels has been retained as the exclusive advisor for the sale of the fully unencumbered, fee simple interest in the recently renovated 135-key Comfort Inn & Suites Watertown – 1000 Islands (“Hotel”, “Property”, “Asset”). Situated in a well-established location just off I-81, a major thoroughfare in New York State, the Hotel benefits from a stable leisure, commercial and military demand base. The Comfort Inn & Suites boasts a prime location near Lake Ontario and the famed 1,000 Islands region, as well as near local attractions including Fort Drum (+15,000 Military Service Members), Salmon Run Mall and multiple travelers’ services. The recently renovated Hotel presents investors with the rare opportunity to acquire the asset unencumbered of brand and management. Though the property can renew its Comfort Inn and Suites franchise, alternative brands may include Spark by Hilton, City Express by Marriott, Garner by IHG, Candlewood Suites, and possibly others.

FOR SALE DETAILS

PRICE

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# OF ROOMS

135

CAP RATE

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TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn & Suites Watertown 1000 Islands

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

134

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

C

APN/PARCEL ID

221800-008-000-0050-101-401-0000

ASK ABOUT THIS PROPERTY

617-912-7030

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617-912-7030

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