Detailed Information
Location
Property Highlights
- Fee-simple interest in a ~3.5-acre hotel development site at the NW corner of Brookley Road and NY 825 within Griffiss Business & Technology Park, Rome, NY
- The site has been conceptually designed for a 122-room extended-stay hotel and preliminarily approved by Hilton for a Home2 Suites, highlighting the market’s strength and growing demand for long-term accommodations
- Centrally located within a 3,500-acre business park home to 70+ businesses, 6,000+ employees across aerospace, technology, defense, and innovation sectors
- By-right hotel development zoning, with existing utilities including water, sewer, electrical service, and natural gas already in place
- Strong potential for a branded hotel development, with viable concepts such as Extended Stay America, WoodSpring Suites, Sonesta Hotels, or Hilton
- Expedited entitlement process, with building permits obtainable within 1-2 weeks, supported by cooperative local authorities and significantly lower permitting fees compared to similar markets
- Attractive economic development incentives, including property tax exemptions, sales tax exemptions on construction materials, and mortgage recording tax exemptions
LOCATION SUMMARY
- Located within New York’s growing semiconductor and high-tech corridor, the site benefits from proximity to Micron’s $100B facility in Clay, Wolfspeed’s $1.2B fab in Marcy, and the Marcy Nanocenter, all driving significant job creation and regional economic expansion.
- Located within Griffiss Business & Technology Park with immediate proximity to major tenants including: Air Force Research Laboratory, BAE Systems, Northrop Grumman, Orgill, Defense Finance and Account Services, Assured Information Security and Booz Allen Hamilton
- The site is well positioned within the Rome-Utica MSA and benefits from its proximity to major demand drivers including Wolfspeed’s $1.2B fab in Marcy, the recently completed Wynn Hospital in Utica (a 373 bed hospital supporting over 90,000 annual visits), New York State’s Preparedness Training Center (SPTC) in Oriskany (the premier first responders training facilities in the state, located on over 1,100 AC) and The Triangle Site in Rome, the largest shovel-ready site in the state positioned to be the state’s premier semiconductor supply chain campus, with 2.6M square foot of development and 3,000 jobs
- Home to the FAA-designated 50-mile drone testing corridor, managed by NUAIR (Northeast UAS Airspace Integration Research), positioning Rome as a leader in unmanned aircraft systems (UAS) innovation
- Rome’s Downtown Revitalization Initiative and the Innovare Advancement Center continue to attract startups, executives, and business travelers year-round