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Conversion Hotel for Sale |
GREAT SITE FOR HOTEL AND/OR MOTEL - 2.5 Acres of beautiful riverside lot with a two story, 56,000sqft, brick building plus a huge parking lot in front of it. The property is approximately 3 miles to the Falls. The property faces directly Canada, the Buddha Temple. On the right hand side is a beautiful state park and to the left the old bridge to Canada and the upcoming International Amtrack Station. The station will be build on the next block and it is spurring economic development in downtown Niagara Falls, New York.. This lot is a ideal site for a Hotel/motel or a dormitory for college students. Niagara University is only minutes away. |
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The 139+ guest rooms plus the other rooms in the building could be utilized for a total of about 160 to 200 rooms. The existing building structure is ideal for Hotel/Motel project. It features windows on all 4 sides inside and outside of the building with a beautiful interior Garden. The riverside part of the street in front of the hotel will soon be part of a State Park going to the Falls. Canada is directly across the river from the hotel. |
This ideal site is great location for a successful hotel, Wyndham, Ramada or other major franchise hotel, development. The promising growth of tourist industry and the rising of Casino entertainment, Niagara Falls, New York is one of the world's most famous tourist destination. |
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Landing Summer 2009 --A brand new Niagara Falls Airport terminal will be built and completed by Summer 2009! International air traffic will fly directly to Niagara Falls, New York. The World's famous tourist destination will directly benefit from the new airport terminal and increased business activities thereafter. |
New sources of funding from Seneca Casino will help revitalize Downtown Niagara Falls. Seneca Casino will help the Hotel/Motel Occupancy rate even during the off season. A steady stream of funds from the state is made available to improve the Niagara Falls state park system. The power authority licensing agreement with New York State Power Authority will be channeling billions into this area in the coming years |
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New Hotel Development vs Purchasing of a Existing Hotel in Niagara Falls, New York offers tax ABATEMENT benefits. Due to current economic conditions in Niagara Falls, New York, Niagara County is offering tax abatement benefits up to 80% off the assessed value phased over 10 years for new Hotel Construction in Downtown Niagara Falls. |
The engine for rebuilding of Niagara Falls will be at full speed, with the new City Administration. The tax benefits are a great advantage to improve this site to be a hotel/motel, compared to an outright purchase of an existing hotel. Asking Price $800,000 |
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