Lux Hotel & Conference Center, Ascend Hotel Collection

2468 NY-414, Waterloo, NY 13165

Property Information

  • For Sale Contact for pricing
  • Property Type Hotel / Motel
  • Property Size 3,740 SF
  • Date Updated Jun 26, 2026

Description

 Investment 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.
  • Ralph Passono, Jr. c/o Fisher Auction Company Inc. License: 1 NY Broker No.:10311203946. Starting Bid $2,250,000.
  • Property tours are available by appointment only on Wednesday, June 24th and Thursday, June 25th. Please reach out to Chase Perry, | (770) 916-0033, to schedule.

 

Contacts

Location

Contact Listing Broker
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