Sleep Inn & Suites Airport East Syracuse | 6344 E Molloy Rd
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Sleep Inn & Suites Airport East Syracuse 6344 E Molloy Rd
54 Room Hotel Syracuse, NY 13057 $9,130,420 CAD ($169,082 CAD/Room)
Investment Highlights
- 51,947± SF situated on 4.55± Acres: 34,302± SF 3-story hotel with 54 rooms (2016). 17,645± SF banquet facility, restaurant and liquor store
- Barbagallo’s Tavern is a well-known establishment that has been in business for 50+ years
- Barbagallo’s Discount Liquor opened in early 2021 and has experienced steady growth and increases in sales
- The Sleep Inn & Suites Airport consistently outperforms the comparables set on STAR reports
- Banquet facility and catering service serves about 400 events annually
- 614.11’ of frontage on East Molloy Road. 109.82’ of frontage on Old Collamer Road
Executive Summary
Three businesses currently operate on the property: A 54-room notel built in 2016 (under the Choice franchise umbrella), a restaurant (4,300 sf) and banquet center (10,845 sf) that have been in business for 50 years, and a liquor store (2,500 sf) that opened in 2021. This property is well positioned in the Syracuse area near to the NYS Thruway (Rt. 90) and Rt. 481. Ample on site parking of over 280 spots.
Property Facts
| Price | $9,130,420 CAD | Building Size | 51,947 SF |
| Price Per Room | $169,082 CAD | No. Rooms | 54 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2016 |
| Property Subtype | Hotel | Parking Ratio | 3.85/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 4.55 AC | Cross Streets | Old Collamer |
| Price | $9,130,420 CAD |
| Price Per Room | $169,082 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.55 AC |
| Building Size | 51,947 SF |
| No. Rooms | 54 |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 3.85/1,000 SF |
| Corridor | Interior |
| Cross Streets | Old Collamer |
Amenities
- Business Center
- Fitness Center
- Restaurant
- Room Service
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $265.48 CAD | - |
| Guest Room | 52 | $191.04 CAD | - |
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PROPERTY TAXES
| Parcel Number | 312689-024-000-0005-006-002-0000 | Improvements Assessment | $2,588,586 CAD |
| Land Assessment | $254,400 CAD | Total Assessment | $2,842,985 CAD |
PROPERTY TAXES
Parcel Number
312689-024-000-0005-006-002-0000
Land Assessment
$254,400 CAD
Improvements Assessment
$2,588,586 CAD
Total Assessment
$2,842,985 CAD
zoning
| Zoning Code | Hotel (Commercial, Hotel, Retail) |
| Hotel (Commercial, Hotel, Retail) |
-
Peter Catalano -
Elaina Pirro -
Cushman & Wakefield | Pyramid Brokerage Company
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Sleep Inn & Suites Airport East Syracuse | 6344 E Molloy Rd
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