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Microtel Inn & Suites by Wyndham Binghamton 400 Prospect St 57 Room Hotel Binghamton, NY 13905 $8,843,315 CAD ($155,146 CAD/Room)
Investment Highlights
- Proven Cash Flow & Stable Operations
- Dominant RevPAR Outperformance
- Zero Supply Pipeline
- Newest Product in Competitive Set
- Multi-Driver Institutional Demand
Executive Summary
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, NewYork. 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 growththrough ADR recovery, occupancy stabilization, and revenue management optimization under new ownership.
Access the Data Room: https://platform.reverecre.com/project/0a19724a-de34-4b19-8aa0-67e8d48af52a#overview
Access the Data Room: https://platform.reverecre.com/project/0a19724a-de34-4b19-8aa0-67e8d48af52a#overview
Property Facts
| Price | $8,843,315 CAD | Building Size | 17,904 SF |
| Price Per Room | $155,146 CAD | No. Rooms | 57 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2016 |
| Property Subtype | Hotel | Parking Ratio | 3.52/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.93 AC | ||
| Zoning | GC - General Commercial | ||
| Price | $8,843,315 CAD |
| Price Per Room | $155,146 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.93 AC |
| Building Size | 17,904 SF |
| No. Rooms | 57 |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 3.52/1,000 SF |
| Corridor | Interior |
| Zoning | GC - General Commercial |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 7 | $145.57 CAD | - |
| Guest Room | 50 | $127.89 CAD | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 033089-143-051-0002-001-000-0000 | Improvements Assessment | $2,312,867 CAD |
| Land Assessment | $680,255 CAD | Total Assessment | $2,993,122 CAD |
Property Taxes
Parcel Number
033089-143-051-0002-001-000-0000
Land Assessment
$680,255 CAD
Improvements Assessment
$2,312,867 CAD
Total Assessment
$2,993,122 CAD
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Microtel Inn & Suites by Wyndham Binghamton | 400 Prospect St
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