Log In/Sign Up
Your email has been sent.
Burrstone Inn, Ascend Hotel Collection 1777 Burrstone Rd 100 Room Hotel New Hartford, NY 13413 $13,080,454 CAD ($130,805 CAD/Room) 10.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in the DiMeo-Ford Business Park near major corporate demand drivers.
- Year-round demand is supported by a balanced mix of corporate, healthcare, and university-related business.
- Brand opportunities with key money available
- Stabilized asset with YOY growth
- 5 minutes from Utica University
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $13,080,454 CAD | Lot Size | 5.60 AC |
| Price Per Room | $130,805 CAD | Building Size | 69,150 SF |
| Sale Type | Investment | No. Rooms | 100 |
| Cap Rate | 10.53% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1990/2020 |
| Property Subtype | Hotel | Parking Ratio | 3.25/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C-Utica | ||
| Price | $13,080,454 CAD |
| Price Per Room | $130,805 CAD |
| Sale Type | Investment |
| Cap Rate | 10.53% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.60 AC |
| Building Size | 69,150 SF |
| No. Rooms | 100 |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2020 |
| Parking Ratio | 3.25/1,000 SF |
| Corridor | Interior |
| Zoning | C-Utica |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $521.84 CAD | - |
| Guest Room | 96 | $494.30 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 317-019-0001-010-000-0000 | Improvements Assessment | $1,564,147 CAD (2024) |
| Land Assessment | $693,953 CAD (2024) | Total Assessment | $2,258,100 CAD (2024) |
PROPERTY TAXES
Parcel Number
317-019-0001-010-000-0000
Land Assessment
$693,953 CAD (2024)
Improvements Assessment
$1,564,147 CAD (2024)
Total Assessment
$2,258,100 CAD (2024)
1 of 22
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
John P Christopher
Burrstone Inn, Ascend Hotel Collection | 1777 Burrstone Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.