Description

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale a fee simple interest in the 91-room Fairfield Inn & Suites by Marriott Plattsburgh and the 102-room Days Inn by Wyndham Plattsburgh, available either together or individually. The Hotels are located immediately off I-87 between Montreal and Albany, offering consistent transient demand. The Properties represent an exceptional opportunity to acquire well-branded, select-service assets, in upstate New York near the border to Canada. Aside from the border, the Plattsburgh economy is anchored by regional healthcare, higher education, various leisure attractions including Lake Champlain and the Adirondack Mountains, and advanced manufacturing, offering a diverse set of demand generators to the market. A new owner and manager will be able to step into two branded hotels in a market with no new competitive supply, that are over-penetrating their competitive set with additional room for growth in both revenue and income at a discount to replacement cost.

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