9775 Victory Hwy | Painted Post, NY 14870
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9775 Victory Hwy
Painted Post, NY 14870
Holiday Inn Express Corning - Painted Post · Hospitality Property For Sale
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41,724 SF
INVESTMENT HIGHLIGHTS
- Opportunity to acquire a fully operational, fee-simple 67-key Holiday Inn Express offering limited service, significantly below the replacement cost.
- Siemens Energy, Corning Incorporated, and Guthrie Corning Hospital (all in a 3-mile radius) are leading employers in the area, attracting visitors.
- The Ithaca/Elmira market is projected to experience no significant supply side pressures on occupancies or room rates in the foreseeable future.
- Formula Blue 2.0 Interior Renovation completed with a $2M capital expenditure, alleviating the majority of renovation requirements.
- Close proximity to renowned attractions including Finger Lakes Region's wine trails, Watkins Glen International Racetrack, and downtown Corning.
- IHG Hotels & Resorts ranks among the world’s leading hotel companies, with nearly one million rooms globally and over 110M loyalty members.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1994/2024 |
| Building Class | B | Parking Ratio | 1.77/1,000 SF |
| Lot Size | 2.47 AC | Corridor | Interior |
| Building Size | 41,724 SF | ||
| Zoning | 05 - 05 - Commercial County Use Code: 415 (MOTEL) | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.47 AC |
| Building Size | 41,724 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1994/2024 |
| Parking Ratio | 1.77/1,000 SF |
| Corridor | Interior |
| Zoning | 05 - 05 - Commercial County Use Code: 415 (MOTEL) |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 464289-280-000-0001-014-100 | Improvements Assessment | $3,127,250 |
| Land Assessment | $385,000 | Total Assessment | $3,512,250 |
PROPERTY TAXES
Parcel Number
464289-280-000-0001-014-100
Land Assessment
$385,000
Improvements Assessment
$3,127,250
Total Assessment
$3,512,250
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