Rochester Airport Marriott

Investment Overview

Grizzard Commercial Real Estate is pleased to present the 210-unit Rochester Airport Marriott located at 1890 Ridge Road West, Rochester, NY 14615. The property is being sold fee simple and marketed unpriced. The property will be delivered unencumbered by management and debt.

Investment Highlights

• Call For Offers format.
• Seven-story, 210-room full-service Marriott hotel situated on 5.02 acres with 455 parking spaces and extensive guest amenities including meeting space, restaurant, fitness center, and indoor pool.
• 69% OCC / $127 ADR / $7.7M Revenue
• Strategically located minutes from Rochester International Airport, the hotel benefits from seven different airline crew contracts, transient travelers, and park-and-fly demand.
• Strong corporate, academic, and group demand is generated by proximity to University of Rochester, Rochester Institute of Technology, Eastman Kodak, and the Rochester Riverside Convention Center.
• The property features an assumable $11.5 million CMBS loan at a fixed 8.05% interest rate, along with a $3.0 million renovation line available for future capital improvements.
• Additional excess land for a TownePlace Suites by Marriott license create a compelling expansion opportunity to capitalize on growing extended-stay demand in the Rochester airport market.