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Comfort Inn & Suites Watertown - 1000 Islands 110 Commerce Park Dr 135 Room Hotel Watertown, NY 13601 For Sale
Investment Highlights
- Unencumbered: The Hotel is available unencumbered of 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 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 opportunity to acquire the asset unencumbered of management.
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 | $134.00 | - |
| Guest Room | 110 | $108.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 221800-008-000-0050-101-401-0000 | Improvements Assessment | $3,604,000 |
| Land Assessment | $196,000 | Total Assessment | $3,800,000 |
Property Taxes
Parcel Number
221800-008-000-0050-101-401-0000
Land Assessment
$196,000
Improvements Assessment
$3,604,000
Total Assessment
$3,800,000
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