Besen Hotel Advisory Group is pleased to present the exclusive offering of the Microtel Inn & Suites by Wyndham Binghamton- a 57-room, interior-corridor economy hotel opened in July 2016 at 400 Prospect Street in Binghamton, New York. The property is offered at $6,500,000, implying a 10.5% trailing cap rate on 2025 net operating income of $679k— at-market vs. the CoStar-confirmed Binghamton market cap rate of 10.3%. The offering presents a clear path to income growth through ADR recovery, occupancy stabilization, and revenue management optimization under new ownership.
Only 1 Hour from Micron's $100 Billion Mega Factory, which is the biggest semiconductor investment in US history.
Access the Data Room: https://platform.reverecre.com/project/0a19724a-de34-4b19-8aa0-67e8d48af52a#overview