Central New York Hotel Development Site: Rome, NY
~3.5-acre hotel development site
Rome, NY
PROPERTY SUMMARY
Opportunity
- Fee-simple interest in a ~3.5-acre hotel development site at the NW corner of Brookley Road and NY 825 within Griffiss Business & Technology Park, Rome, NY
- Strong branding potential, with viable concepts such as Candlewood Suites, Wood Spring Suites, Extended Stay America, Sonesta Hotels, or Hilton
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The site has been conceptually designed for a 122-room extended-stay hotel and preliminarily approved by Hilton for a Home2 Suites, highlighting the market’s strength and growing demand for long-term accommodations
- Centrally located within a 3,500-acre business park home to 70+ businesses, 6,000+ employees across aerospace, technology, defense, and innovation sectors
- By-right hotel development zoning, with existing utilities including water, sewer, electrical service, and natural gas already in place
- Expedited entitlement process, with building permits obtainable within 1-2 weeks, supported by cooperative local authorities and significantly lower permitting fees compared to similar markets
- Attractive economic development incentives, including property tax exemptions, sales tax exemptions on construction materials, and mortgage recording tax exemptions
Location
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Located within New York’s growing semiconductor and high-tech corridor, the site benefits from proximity to Micron’s $100B facility in Clay, Wolfspeed’s $1.2B facility in Marcy, and the Marcy Nanocenter, all driving significant job creation and regional economic
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Located within Griffiss Business & Technology Park with immediate proximity to major tenants including, Air Force Research Laboratory, BAE Systems, Northrop Grumman, Orgill, Defense Finance and Account Services, Assured Information Security and Booz Allen Hamilton
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Home to the FAA-designated 50-mile drone testing corridor, managed by NUAIR (Northeast UAS Airspace Integration Research), positioning Rome as a leader in unmanned aircraft systems innovation
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The development site is strategically located within the Rome-Utica MSA, benefiting from key demand drivers, including Wolfspeed’s $1.2B fab in Marcy, the new 373-bed Wynn Hospital in Utica, NY’s Preparedness Training Center in Oriskany (a top first responder facility on 1,100+ acres), and The Triangle Site in Rome, a 2.6M SF shovel-ready semiconductor supply chain campus expected to create 3,000 jobs
