Hunter Advisors is pleased to offer for sale the 113-room Homewood Suites by Hilton Poughkeepsie (the “Hotel”). Opened in 2019, the institutional-quality, concrete and steel constructed property is strategically situated in the heart of New York’s Hudson Valley, a dynamic and rapidly growing market supported by year-round corporate and leisure demand. The property is the closest hotel to IBM’s 3.6-million-square-foot Poughkeepsie campus, and will directly benefit from the company’s expansion following their recent $20 billion regional investment. This offering presents a rare opportunity to acquire a high-quality, cash-flowing Hotel poised to capitalize on the region’s transformational growth and development.
- Top-performing hotel in the Poughkeepsie market, recording a RevPAR of $127 and ranking one of five in the competitive set
- Institutional quality, extended stay positioned, Hilton branded Hotel opened in 2019
- Centrally located in New York’s Hudson Valley, which is 80 miles north of Manhattan and 70 miles south of Albany
- Established and expanding hub for semiconductor, quantum computing, and advanced technology development, anchored by IBM and Onsemi
- Diverse, year-round demand base, supported by of major corporations, picturesque state parks, notable entertainment venues, renowned educational institutions, and prominent medical facilities
- Well maintained property with a limited change-of-ownership PIP due upon sale
- Offered at a discount to today’s replacement cost
