Holiday Inn Express Rochester NE – Irondequoit, NY

UNDER CONTRACT

• Fee simple interest in the institutionally owned and third-party managed 66-room Holiday Inn Express Rochester NE – Irondequoit
• Unencumbered by third-party management with an opportunity to retain the Holiday Inn Express brand with an agreement with IHG Hotels & Resorts
• Available for individual sale as part of a larger nine-property institutional portfolio sale in the August 15th auction event via Ten-X
• Significant operating improvement prospects following the completion of the PIP and transferring to a regional owner/operator model
• Convenient to the 1,200-acre, 16MM SF Eastman Business Park, which is one of the largest industrial parks in the state
• Readily accessible to all local corporate demand including Paychex Inc. (HQ), Rochester Regional Health, Wegmans Inc., and Gleason Corp
• Unencumbered by third-party management with an opportunity to retain the Holiday Inn Express brand through a long-term relicense agreement with IHG Hotels & Resorts.
• Readily accessible to all regional logistics and manufacturing demand, including facilities for General Motors, PepsiCo, L3Harris Technologies, Constellation Brands, and Thermo Fisher Scientific
• Proximate to all local university demand, including The University of Rochester, Rochester Institute of Technology, St. John Fisher College, and Monroe College, which cumulatively account for approximately 35,000 students
• Proximate to all healthcare demand, including the 862-bed Strong Memorial Hospital, the 528-bed Rochester General Hospital, and the 278-bed Unity Hospital
• Strong regional leisure demand includes Seabreeze Amusement Park, The Strong National Museum of Play, Highland Park, George Eastman Museum, and Seneca Park Zoo, Erie Canal Tours, and the Finger Lakes
• Opportune time to be investing in Rochester amid increasing economic diversification stemming from growth in healthcare, manufacturing and logistics, energy, software, and education