315-569-1227
6605 Old Collamer Rd, East Syracuse, NY for Sale
Hospitality - FOR SALE
1/12
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6605 Old Collamer Rd
East Syracuse, NY 13057


HIGHLIGHTS

  • Just 15 minutes to Micron’s $100B historic Clay, NY campus
  • 1.68 Acres of excess land with development potential valued at $700K
  • Strategically situated near I-90 (Exit 35), with over 40,000 vehicles passing daily, ensuring high visibility and accessibility.
  • Strong market ADR leaves room for continued rate growth and market penetration
  • 40K+ construction workers starting in 2026— 20+ years of projected growth from the largest semiconductor investment in U.S. history
  • Upside potential as renovation & rebranding ramp continues

OVERVIEW

Hospitality Associates is proud to exclusively present the 109-key Hotel Concord, part of the Ascend Hotel Collection by Choice Hotels. Located in East Syracuse, NY—just minutes from the Syracuse Hancock International Airport, I-90, and downtown—this recently renovated hotel offers strong in-place operations and a highly visible location within the Carrier Circle hospitality corridor. Originally built in 1984, the property operated as a Best Western through 2023 before undergoing a full renovation and rebranding in early 2024. Now part of Choice Hotels’ Ascend Collection, the hotel features a modernized lobby, upgraded public areas, refreshed guestrooms, and a 24-hour fitness center. As a soft-branded boutique, it combines the distribution power and loyalty reach of Choice Hotels with the flexibility of an independent property. The hotel is currently ramping up performance post-renovation, reflecting strong ADR recovery and steady occupancy growth. This stabilization follows significant investment and brand repositioning, eliminating the need for further capital expenditures and enabling a new owner to focus purely on operations and growth. Year-round demand is supported by Syracuse University, Destiny USA (one of the nation’s largest malls), Upstate Medical University, and numerous nearby employers. Most notably, the property is strategically positioned to benefit from Micron Technology’s forthcoming $100 billion semiconductor campus, which will bring over 40,000 construction workers and long-term employees to the region starting in 2026. The hotel will be delivered unencumbered by management, offering immediate operational flexibility. With limited new hotel supply, favorable demand fundamentals, and transformational macroeconomic drivers, Hotel Concord represents a compelling value-add opportunity for investors seeking to enter a high-growth market with a stabilized,well-positioned asset.

FOR SALE DETAILS

PRICE

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# OF ROOMS

109

CAP RATE

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TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Concord Syracuse, Ascend Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1984

PARKING SPACES

128

LAND DETAILS

LAND ACRES

4.16 AC

LAND SF

181,210 SF

ZONING

06 - INDUS

APN/PARCEL ID

312689-025-000-0003-003-000-0000

ASK ABOUT THIS PROPERTY

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315-569-1227

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John ChristopherJohn P ChristopherMore Info
315-569-1227

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