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119 KEYS HOTEL IN THE ROCHESTER NEW YORK

BRAND NEW HILTON SUITES HOTEL IN THE ROCHESTER, NEW YORK SUBURB OF GREECE.


119 KEY LIMITED SERVICE HOTEL WITH GREAT NEW AMENITIES.

ALSO A BRAND NEW HILTON FLAG.


IN THE WESTERN SUBURB OF ROCHESTER, NEW YORK


Asking Price: $24,000,000

PURCHASE PRICE IS FIRM PER THE SELLER AT $24,000,000, WITH THE SELLER PAYING A 3% REAL ESTATE COMMISSION OR

SHOULD THE EXECUTED PRICE BE BELOW $24,000,000, THE BUYER TO PAY THE REAL ESTATE COMMISSION (DELIVERABLE WHILE AVAILABLE) 



Property Description

Amenities / Features: Home2 Suites is a fresh take on a mid-scale, all suite hotel. Our signature modern style is perfect for the sophisticated, thrifty traveler. Whether you are staying one night or seven, our spacious suites and abundant amenities will have you feeling right at home. Bright casual community spaces, indoors and out are perfect for working, relaxing or mingling. Each Home2 Suites is designed with your comfort and convenience in mind. Home2 Suites offers a complimentary breakfast each day at our Inspired Table, this includes a variety of morning favorites including waffles. Socialize on the patio, relax by the fire pit or take advantage of the grilling area to make dinner. Enjoy the bright indoor pool or stay fit while taking advantage of the Spin to Cycle.


Details/Other Expenses

Address: 400 Bellwood Drive, Greece, New York 14606 Check In: 3:00pm

Check Out: 12:00pm

Year of Last Renovation: 2019

Floors: 4

Rooms: 119

Corridors: All Rooms Have Interior Hallways

Non Smoking Rooms: 119

Handicap Rooms: 9

Suites: 119

Room Windows: Windows Don't Open

Cleaning Frequency: Daily

Meeting Rooms: 0

Dist. to Food/Bars: 1.0 Mi

Pool Info: Indoor

Ownership: 2019 Gateway Hotel LLC


Policies / Expense

Cancellation: For individual cancellations 48 hours prior to arrival unless otherwise stated

Total Taxes: 14.00%

Total Misc Fees: $0.00 USD (mandatory resort fees/taxes)

State Tax: 8.00%

Occupancy Tax: 6.00% Proforma cap rate  7%+ NOI: $1,700,000+  Pet Friendly? Yes! Pets are allowed. The Home2 Suites by Hilton Greece Rochester is a pet friendly hotel that understands pets are an extension of your family. We gladly welcome our guests traveling with small pets. There will be a $75 fee per stay. I agree to and understand the terms of the Home2 Suites Pet Policy as follows:

• A Non-Refundable Pet Fee of $75 is charged to my account upon arrival.

• A valid credit card number must remain on file at the front desk.

• Housekeeping and Maintenance Service: I agree to make my suite available to housekeeping and/or maintenance needs and will arrange to have my pet out of the suite to accommodate this service.

• Pets must weigh less than 50 pounds. No more than 2 pets are allowed in any room.

• Verification that vaccinations are complete and up-to-date is required, hotel may ask for this documentation at any time.

• Pets left unattended in the guest room when the guest leaves the hotel premises must be secured in a proper pet crate or carrier.

• Pet must comply with local leg Parking Info Complimentary parking

Internet/WiFI Complimentary Wi-Fi throughout the hotel

About Home2 · Full in-suite kitchens with 42" Flat-panel HDTVs

· Free Continental Breakfast

· On-site convenience store

· Saline swimming pool

· Outdoor fireplaces, firepit, and patio grills

· Spin2Cycle and guest laundry services THIS SALE IS OFF THE MARKET MUST STAY OFF THE MARKET, PLEASE DO NOT LET THIS ASSET GO VIRAL

How many rooms does Home2 Suites by Hilton Rochester Greece have? There are 119 rooms in the property.

What kind of breakfast is at Home2 Suites by Hilton Rochester Greece? Complimentary, including a variety of morning favorites

What parking is available at Home2 Suites by Hilton Rochester Greece? Complimentary parking

How much does internet cost? Complimentary Wi-Fi throughout the hotel

Is there a gym at Home2 Suites by Hilton Rochester Greece? Yes, there is a gym/fitness area available on-site at the property.

Is there a pool at Home2 Suites by Hilton Rochester Greece? Yes, there is a pool on-site at the property. Indoor. DEAR BUYER, THIS IS AN OFF THE MARKET (NOW) AND THIS IS A PRE-DUE DILIGENCE PACKAGE AND NOT A FORMAL DUE DILIGENCE PACKAGE. PLEASE NOTE: THE SELLER MAY HAVE PROVIDED HISTORICAL FINANCIALS UPFRONT. THE SELLER "IS NOT" ASKING THE POTENTIAL BUYER TO PROVIDE A PSA AND ESCROW DEPOSIT UPON THE RECEIPT OF THIS OFFERING MEMORANDUM, JUST AN LOI SHOWING THE BUYER'S INTEREST, BUYER'S INVESTMENT BIO, BUYER SIGNED MASTER FEE AGREEMENT AND THE FACT THAT THE BUYER IS FINANCIALLY CAPABLE. GIVEN THAT IF THE BUYER CHOOSES TO DO THE PREVIOUS PROTOCOL AND PROOF UP ATTORNEY TO ATTORNEY, THAT IS THE BUYER'S OPTION. ONCE PROOFED UP, THE SELLER WILL PROVIDE SOME OF THE UPDATED AND THEN THE SELLER WILL PROVIDE ABSOLUTELY EVERYTHING IN FORMAL DUE DILIGENCE. BUYER & SELLER PARTICIPATION MUST BE A TWO STREET. TO MOVE FORWARD, THE BUYER AND OR THE SELLER TO SIGN THE ASSET SPECIFIC MASTER FEE AGREEMENT (DEPENDING ON THE EXECUTED PURCHASE PRICE), THE BUYER TO PROVIDE AN ASSET SPECIFIC LETTER OF INTENT TO INCLUDE THE PURCHASE PRICE, DUE DILIGENCE PERIOD, CLOSE OF ESCROW OF DATE AND THE AMOUNT OF THE EARNEST MONEY DEPOSIT THAT WILL BE ESCROWED ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT. THE BUYER TO PROVIDE A BUYER'S COMMERCIAL BIO OF COMMERCIAL ASSET HELD IN THEIR INVESTMENT PORTFOLIO.  THE BUYER TO PROVIDE A BUYER'S VERIFIABLE PROOF OF FUNDS IN THE FORM OF A BANK OR FUND STATEMENT OF ACCOUNT. PLEASE NO TRANSACTIONAL FUNDING







TB

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