1777 Burrstone Rd - Hospitality FOR SALE


New Hartford, NY 13413- Greater Utica
$9,500,000 USD
315-569-1227
1777 Burrstone Rd, New Hartford, NY for Sale
$9,500,000 USD
Hospitality - FOR SALE
1/21
null | 10.53% Cap Rate

1777 Burrstone Rd
New Hartford, NY 13413
Greater Utica


HIGHLIGHTS

  • Located in the DiMeo-Ford Business Park near major corporate demand drivers.
  • Stabilized asset with YOY growth
  • Year-round demand is supported by a balanced mix of corporate, healthcare, and university-related business.

OVERVIEW

Hospitality Associates is proud to exclusively present the 100-key Burrstone Inn, part of the Ascend Hotel Collection by Choice Hotels. Strategically located in the DiMeo Ford Business Park, just minutes from Utica University, St. Luke’s Hospital, and major corporate demand generators, this full-service hotel offers strong in-place operations and attractive long-term fundamentals. Originally constructed in 1990 as a Holiday Inn, the Burrstone was designed as a two-story property in accordance with business park restrictions, yet still features an elevator for guest convenience. The property underwent a comprehensive renovation in 2020, including updated guestrooms, refreshed public areas, and improved amenities. The Burrstone Inn features an on-site restaurant and lounge, generating significant ancillary revenue and enhancing the guest experience. For the trailing twelve months ending July 2025, the property produced $3.58 million in total revenue, including $3.03 million in room revenue and $518K in food & beverage sales. The property also carries a brand window in 2026, providing flexibility for a new owner and potential access to key money from Choice Hotels. With renovations completed in 2020 and stable operations in place, no major capital expenditures are anticipated in the near term. Year-round demand is supported by a balanced mix of corporate, healthcare, and university-related business. Utica University, SUNY Polytechnic, and local athletic programs drive group and leisure stays, while regional employers and hospitals provide steady corporate and extended-stay demand. The Burrstone Inn will be delivered unencumbered by management, offering an investor immediate operational control. With a proven operating history, diversified demand base, and strong revenue performance, the Burrstone represents a compelling investment opportunity in an established and resilient market.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$137 USD /SF

# OF ROOMS

100

PRICE/ROOM

$95,000 {currency}

CAP RATE

10.53%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burrstone Inn, Ascend Hotel Collection

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1990

PARKING SPACES

225

LAND DETAILS

LAND ACRES

5.6 AC

LAND SF

243,936 SF

ZONING

C-Utica

APN/PARCEL ID

317-019-0001-010-000-0000

ASK ABOUT THIS PROPERTY

John ChristopherJohn P ChristopherMore Info
315-569-1227

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John ChristopherJohn P ChristopherMore Info
315-569-1227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.