Lux Hotel & Conference Center, Ascend Hotel Collection

Highlights:

• Geographic Heart of the Finger Lakes: Positioned between Cayuga and Seneca Lakes at the midpoint of two of the country's top wine trails.
• 147-Room Full-Service Hotel with 3,740 SF: Two-story, fee simple asset featuring meeting space, outdoor pool, fitness center, and Woodies bar.
• Exceptional TTM NOI of $1.57M at 69.7% Occ: TTM March 2026 RevPAR of $77.47 reflects a 71.8% RevPAR index improvement over the prior year.
• Significant RevPAR Upside vs. Comp Set: Subject ADR index of 74.6% vs. comp set signals clear rate-growth runway as occupancy stabilizes.
• Del Lago Resort & Casino 4 Miles Away: Major regional entertainment destination drives year-round gaming, concert, and event-based demand.
• No New Supply Within a 15-Mile Radius: Protected competitive position with zero new hotel rooms under development in the immediate market.

Description:

RealINSIGHT Marketplace, in partnership with Hunter Advisors, is pleased to present The Lux Hotel & Conference Center, Ascend Hotel Collection, a 147-guestroom, full-service hotel located at 2468 NY-414, Waterloo Township, New York. Built in 1975 and spanning two stories, the Property features 3,740 SF of meeting space, an outdoor pool, fitness center, business center, and the on-site Woodies bar and restaurant — a genuine conference-capable asset in an irreplaceable leisure corridor. The Hotel is positioned at the geographic midpoint of the Finger Lakes region, directly between Cayuga Lake and Seneca Lake along the Route 414 corridor — the primary artery connecting two of the country's most trafficked wine trails. Trailing twelve months through March 2026, the Property achieved $4.79M in total revenue and $1.57M in NOI at 69.7% occupancy, reflecting an 86.7% year-over-year occupancy gain and a 71.8% RevPAR index improvement. The surrounding demand base is anchored by del Lago Resort & Casino (4 miles), the Women's Rights National Historical Park, the National Women's Hall of Fame, and multiple state parks, with no new hotel supply within 15 miles.


For more information:
https://rimarketplace.com/auction/3257/hospitality/waterloo/ny?utm_source=brevitas&utm_medium=listing_free&utm_campaign=july15_2026&utm_content=hospitality_3257

Bidding Opens
Jul 13, 2026 12:00 PM
Bidding Ends
Jul 15, 2026 12:00 PM