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Comfort Inn & Suites Watertown - 1000 Islands 110 Commerce Park Dr 135 Room Hotel Watertown, NY 13601 For Sale
INVESTMENT HIGHLIGHTS
- Fully Unencumbered: The Hotel is available completely unencumbered by Brand and Management
- Deep Discount to Replacement Cost
- Watertown International Airport Expansion
- Superior Guest Room Product: The Hotel boasts superior guest room product, as current ownership spent approximately $1.8 million ($13k/key) in 2023
- No New Supply on the Horizon
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
AMENITIES
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 25 | $187.05 CAD | - |
| Guest Room | 110 | $150.76 CAD | - |
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PROPERTY TAXES
| Parcel Number | 221800-008-000-0050-101-401-0000 | Improvements Assessment | $5,059,151 CAD |
| Land Assessment | $275,137 CAD | Total Assessment | $5,334,288 CAD |
PROPERTY TAXES
Parcel Number
221800-008-000-0050-101-401-0000
Land Assessment
$275,137 CAD
Improvements Assessment
$5,059,151 CAD
Total Assessment
$5,334,288 CAD
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Comfort Inn & Suites Watertown - 1000 Islands | 110 Commerce Park Dr
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