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The Lux Hotel & Conference Center, Ascend 2468 State Route 414 147 Room Hotel Waterloo Town, NY 13165 For Sale
Investment Highlights
- Recently completed transformational renovation offering fully upgraded guest accommodations and common areas.
- Full-service amenities include meeting space, fitness center, outdoor pool, and on-site dining and beverage outlets.
- Zero new hotel room supply within 15 miles, reinforcing competitive positioning and demand outlook.
- Positioned between Cayuga and Seneca Lakes in the core of the Finger Lakes wine region.
- Approximately eight-acre site with exceptional visibility along State Route 414.
- Proximity to Del Lago Resort & Casino enhances year-round guest volume and conference business potential.
Executive Summary
The Lux Hotel & Conference Center, part of the Ascend Hotel Collection, offers a rare acquisition in the Finger Lakes region’s thriving hospitality market. Situated between Cayuga and Seneca Lakes, this full-service property combines exceptional physical attributes with a premier location that is central to major wine trails and regional attractions.
This two-story, 147-room hotel sits on nearly eight acres and recently underwent a comprehensive renovation in 2024, elevating it within the full-service chain scale. Guests benefit from multiple amenities, including a meeting and event center, on-site bar, outdoor pool, hot tub, fitness facility, and fully equipped guest suites. The property’s expansive event capabilities and conference space create strong appeal for both corporate and leisure travelers. Tourism demand continues to rise, bolstered by the Finger Lakes’ recognition as Wine Enthusiast’s 2025 Wine Star Region of the Year.
Investment fundamentals are compelling: zero new hotel room supply is scheduled within 15 miles, and the asset reported robust operating performance with clear upside in RevPAR growth. Only 4 miles from Del Lago Resort & Casino, the property captures year-round entertainment-driven traffic. Strong barriers to entry, revenue management opportunities, and a growing leisure and event market position this property for sustainable returns.
This two-story, 147-room hotel sits on nearly eight acres and recently underwent a comprehensive renovation in 2024, elevating it within the full-service chain scale. Guests benefit from multiple amenities, including a meeting and event center, on-site bar, outdoor pool, hot tub, fitness facility, and fully equipped guest suites. The property’s expansive event capabilities and conference space create strong appeal for both corporate and leisure travelers. Tourism demand continues to rise, bolstered by the Finger Lakes’ recognition as Wine Enthusiast’s 2025 Wine Star Region of the Year.
Investment fundamentals are compelling: zero new hotel room supply is scheduled within 15 miles, and the asset reported robust operating performance with clear upside in RevPAR growth. Only 4 miles from Del Lago Resort & Casino, the property captures year-round entertainment-driven traffic. Strong barriers to entry, revenue management opportunities, and a growing leisure and event market position this property for sustainable returns.
Property Facts
| Sale Type | Investment | No. Rooms | 147 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1975/2010 |
| Building Class | B | Parking Ratio | 2.74/1,000 SF |
| Lot Size | 7.88 AC | Corridor | Interior |
| Building Size | 109,615 SF | ||
| Zoning | C-2 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 7.88 AC |
| Building Size | 109,615 SF |
| No. Rooms | 147 |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2010 |
| Parking Ratio | 2.74/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 |
Amenities
- Balcony
- Business Center
- Pool
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $126.00 | - |
| Guest Room | 143 | $87.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 453289-033-000-0001-061-000-0000 | Improvements Assessment | $2,500,000 |
| Land Assessment | $500,000 | Total Assessment | $3,000,000 |
Property Taxes
Parcel Number
453289-033-000-0001-061-000-0000
Land Assessment
$500,000
Improvements Assessment
$2,500,000
Total Assessment
$3,000,000
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The Lux Hotel & Conference Center, Ascend | 2468 State Route 414
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