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The Dorm Hotel 518 Stewart Ave 31 Pièce Hôtel Ithaca, NY 14850 9 590 000 $ CAD (309 355 $ CAD/Pièce) 11% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Adjacent to the Prestigious Cornell University
- Unique Design Elements
- Management Availability
- Excellent Margins & Strong In Place Cash Flow
- Recent Comprehensive Renovation
Résumé de l'annonce
JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 31-room The Dorm Hotel and an accompanying student housing unit (collectively, the “Property”). Positioned directly adjacent to Cornell University- the only Ivy League institution in upstate New York and the dominant demand engine of the Ithaca lodging market- the Property occupies a location that cannot be replicated. Local zoning prohibits new hotel construction at this proximity to campus, conferring a permanent supply barrier that insulates the Property from competition and supports sustained rate and occupancy performance.
Ithaca itself has emerged as one of the most compelling small-market lodging destinations in the Northeast. Cornell’s nearly 27,000-student enrollment and year-round academic and events calendar anchor a consistent transient demand base, supplemented by a growing healthcare sector anchored by Centralus Health (a 6,000-employee system formed in 2025) and a nationally recognized leisure profile anchored by CNN’s designation of Ithaca as the #1 Best Town to Visit in America. The broader market has recorded RevPAR growth of 23% above 2019 levels with no new supply in the pipeline.
Against this backdrop, the Property delivers strong in-place cash flow, GOP margins consistently near 65%, and recently renovated offerings between both the hotel and student housing components. The Dorm Hotel presents a compelling opportunity to acquire a truly irreplaceable asset at the doorstep of one of America’s great universities.
Ithaca itself has emerged as one of the most compelling small-market lodging destinations in the Northeast. Cornell’s nearly 27,000-student enrollment and year-round academic and events calendar anchor a consistent transient demand base, supplemented by a growing healthcare sector anchored by Centralus Health (a 6,000-employee system formed in 2025) and a nationally recognized leisure profile anchored by CNN’s designation of Ithaca as the #1 Best Town to Visit in America. The broader market has recorded RevPAR growth of 23% above 2019 levels with no new supply in the pipeline.
Against this backdrop, the Property delivers strong in-place cash flow, GOP margins consistently near 65%, and recently renovated offerings between both the hotel and student housing components. The Dorm Hotel presents a compelling opportunity to acquire a truly irreplaceable asset at the doorstep of one of America’s great universities.
Faits sur la propriété
| Prix | 9 590 000 $ CAD | Taille du lot | 0,22 AC |
| Prix par chambre | 309 355 $ CAD | Taille du bâtiment | 9 128 pi² |
| Type de vente | Investissement | Nombre de pièces | 31 |
| Taux de capitalisation | 11% | Nombre d’étages | 3 |
| Type de propriété | Services hôteliers | Année de construction | 1947 |
| Sous-type de propriété | Hôtel | Ratio de stationnement | 1,42/1 000 pi² |
| Classe d’immeuble | C | Corridor | Intérieur |
| Zonage | R-3A | ||
| Prix | 9 590 000 $ CAD |
| Prix par chambre | 309 355 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 11% |
| Type de propriété | Services hôteliers |
| Sous-type de propriété | Hôtel |
| Classe d’immeuble | C |
| Taille du lot | 0,22 AC |
| Taille du bâtiment | 9 128 pi² |
| Nombre de pièces | 31 |
| Nombre d’étages | 3 |
| Année de construction | 1947 |
| Ratio de stationnement | 1,42/1 000 pi² |
| Corridor | Intérieur |
| Zonage | R-3A |
Commodités
- Accès Internet à haute vitesse
- Patio
- Bar sur place
- Boutique/hôtel mode de vie
- Espaces de réunion
- Accès Wi-Fi public
Pièce renseignements sur le mélange
| Description | Nombre de pièces | Taux quotidien | pi² |
|---|---|---|---|
| Guest Room | 31 | 153,44 $ CAD | - |
1 1
Moyennement praticable à pied
70/100
Moyennement facile d’accès en voiture
60/100
Transports en commun relativement accessibles
50/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 500700-048-000-0004-006-000-0000 | Évaluation des bâtiments | 1 986 500 $ CAD |
| Évaluation du terrain | 137 000 $ CAD | Évaluation totale | 2 123 500 $ CAD |
Impôts fonciers
Numéro de lot
500700-048-000-0004-006-000-0000
Évaluation du terrain
137 000 $ CAD
Évaluation des bâtiments
1 986 500 $ CAD
Évaluation totale
2 123 500 $ CAD
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The Dorm Hotel | 518 Stewart Ave
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