240 Rainbow Blvd - Hospitality FOR SALE


Niagara Falls, NY 14303
$21,500,000 USD
754-423-5433
240 Rainbow Blvd, Niagara Falls, NY for Sale
$21,500,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

240 Rainbow Blvd
Niagara Falls, NY 14303


HIGHLIGHTS

  • Located across the street from Niagara Falls
  • Walking distance to all shops and restaurants
  • Cash flowing
  • Heavy Foot Traffic
  • Indoor Pool and Spa
  • Onsite Restaurant and Bar

OVERVIEW

Located in the heart of Niagara Falls, the Quality Inn & Suites offers an exceptional investment opportunity with huge potential for growth. Situated just steps from Niagara Falls State Park and Old Falls Street, this hotel is perfectly positioned to attract both tourists and business travelers year-round. Prime Location With its close proximity to major attractions like the Niagara Falls Culinary Institute and Conference Center Niagara Falls, the hotel enjoys high visibility and constant foot traffic. This prime location ensures a steady stream of guests throughout all seasons. Upside Potential The hotel features 210 modern guestrooms and an on-site Papa John’s pizza, providing additional revenue streams. With event spaces and a 24-hour business center, the hotel is well-equipped for business and corporate events. There’s significant potential to increase revenue by expanding event services or enhancing dining options. On-Site Amenities Guests can relax in the indoor pool and spa tub, enjoy a daily complimentary breakfast, and unwind at the bar/lounge. With concierge services and gift shops, the hotel provides a full-service experience, ensuring guest satisfaction and repeat business. The Investment Edge This hotel offers a strong foundation, a prime location, and opportunities for growth. With some strategic improvements, such as expanding dining options or enhancing event facilities, the property can significantly increase its revenue and occupancy rates. Don’t miss your chance to invest in Niagara Falls’ thriving tourism market—this property is ready for growth!

FOR SALE DETAILS

PRICE

$21,500,000 USD

PRICE/SF

$243 USD /SF

# OF ROOMS

210

PRICE/ROOM

$102,381 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

D1-B D1-B

APN/PARCEL ID

291100-158-012-0001-016-000

ASK ABOUT THIS PROPERTY

Ashley GonzalezHempire Advisors LLC powered by SellstateMore Info
754-423-5433

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Ashley GonzalezHempire Advisors LLC powered by SellstateMore Info
754-423-5433

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