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Microtel Inn & Suites By Wyndham
Asset ClassHotel & Hospitality
Deal Size$6.5 M
Year Built: 2016Cap Rate: 10.5%Access Data Room
High Cash Flow | 2016 Built | 3- Story Box
overview of deal

Overview

Besen Hotel Advisory Group is pleased to present the exclusive offering of the Microtel Inn & Suites by Wyndham Binghamton- a 57-room, interior-corridor economy hotel opened in July 2016 at 400 Prospect Street in Binghamton, NewYork. The property is offered at $6,500,000, implying a 10.5% trailing cap rate on 2025 net operating income of $679k— at-market vs. the CoStar-confirmed Binghamton market cap rate of 10.3%. The offering presents a clear path to income growththrough ADR recovery, occupancy stabilization, and revenue management optimization under new ownership.

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Investment Highlights

  1. Proven Cash Flow & Stable Operations- $1.66M room revenue and $679K NOI in 2025. ADR grew +3.1%YOY ($107.90 → $111.20), fully offsetting a 1.6 pt occupancy decline— RevPAR held flat at $79.73, demonstrating durable pricing power in the Binghamton market.
  2. Newest Product in Competitive Set- Built 2016 — 18+ years newer than the comp set average (1985vintage). Modern 3-story interior corridor design with no deferred maintenance risk. Only $200K recommended refresh. TripAdvisor #1 of 11 hotels in Binghamton.
  3. Dominant RevPAR Outperformance- Subject RevPAR of $79.73 outperforms the M&E class by +47.6%($54 avg per CoStar, Jan 2026). ADR of $111.20 leads the segment by +11.2% ($100 class avg). Consistent outperformance across 2023, 2024, and 2025.
  4. Multi-Driver Institutional Demand- Lockheed Martin, BAE Systems, Binghamton University (18,000+),UHS Wilson Medical, and NYSEG anchor weekday demand. 109K+MSA employees and $7B+ annual Broome County GDP underpin consistent year-round occupancy.
  5. Zero Supply Pipeline- CoStar confirms zero hotels under construction and zero new deliveries in Binghamton across all classes as of March 2026. Submarket inventory contracted -4.1% in 2025 as older hotels exited— net benefit to subject's rate positioning.

KEY DRIVE TIMES

Access
Time
1
I-81 (North-South Expressway)
Direct Access
2
I-88 (NE Expressway to Albany)
Direct Access
3
Route 17/ I-86 (East-West)
Direct Access
4
UHS Wilson Medical Center
6mins
5
SUNY Binghamton
8mins
6
BAE Systems
10mins
7
Binghamton Broome Airport
12mins
8
Lockheed Martin (AeroSpace)
20mins
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400 Prospect StBinghamton, NY 13905
Albany, NY ~ 2hrs
New York City ~ 3hrs
Philadelphia ~ 2hrs

Besen Partners

Anudeep GosalSenior Director, Hotel Advisory Group(415) 889-3314agosal@besenpartners.com

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