List Search

400 Center Place Dr
Rochester, NY 14615

Price Upon Request

Hotel For Sale  •  165,969 SF

Property Details

  • Property Type Hotel
  • Total Building Size 165,969 SF
  • Lot Size 2.91 AC
  • Building Class B
  • Year Built 2010
  • Tenancy Single
  • Zoning 03
0 Transit Score
51 Walk Score

Highlights

Investors have an opportunity to streamline and potentially reduce room expense through their own management strategies, enhancing profitability
Property underwent renovations, major aspects of the PIP have been attended to. A PIP was done in 21/22. Cost to complete remaining PIP is $800K.
Owner operated asset, room to improve revenue management, STR analysis: high MPI% indicating room to increase all property level fundamentals
10-minute drive from the airport, location caters to both business and leisure travelers. Proximity to corporate offices enhances its appeal.
Rochester’s hospitality sector is witnessing a positive upswing, marked by increased occupancy rates up from 59% post covid to 66.1% in 2023.
The hotel boasts an occupancy rate of 83.4%, demonstrating its appeal and consistent demand in its location.

Property Flyers

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • On-Site Retail
  • Meeting Event Space
  • Fully-Equipped Kitchen

Public Transportation

Commuter RailDriveWalkDistance
11 min - 5.7 mi
AirportDriveWalkDistance
Frederick Douglass/Greater Rochester International 15 min - 8.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 120
Type: Surface
Included in Rent: Yes
Arjun Sheth 646-472-8745 Besen Partners
Arjun Sheth 646-472-8745 Besen Partners