Microtel Hotel, Watertown, NY area

NY equity firm says sell! The 100-room Microtel Inn by Wyndham Calcium/Near Fort Drum will be auctioned in an online auction starting on Thursday, September 15th at 12:00 pm EST.

Under Contract

Online Bidding: NYHotelAuction.com

DESCRIPTION

NY equity firm says sell! The 100-room Microtel Inn by Wyndham Calcium/Near Fort Drum will be auctioned in an online auction starting on Thursday, August 11th at 12:00 pm EST. The hotel has convenient amenities and a prime location in the gateway to the Thousand Island region with easy access to boating, fishing and golf. Please visit NYHotelAuction.com for more pictures, diligence information, and bidding.

Located near I-81 in Calcium, NY, Microtel Inn by Wyndham Calcium/Near Fort Drum is located 1 1/2 miles from Fort Drum. Fort Drum is home to more than 36,900 soldiers, family members and civilian employees of the 10th Mountain Division (Light Infantry) and its supporting tenants. It is the largest Army installation in the Northeast and occupies 107,265 acres in Jefferson County. With around 24,000 employees, Fort Drum is the largest single-site employer in Jefferson County and in Upstate New York. Fort Drum is a major training center for reserve component forces, and units of the New York Army National Guard rank among the post’s most frequent customers. These units regularly come to Fort Drum for weekend inactive duty training and annual training during the year. Fort Drum’s ranges, training areas and facilities are essential to the New York Army National Guard to meet readiness objectives and federal training requirements. In total, the base sees almost 80,000 troops for training annually.

PROPERTY HIGHLIGHTS

  • 100 room hotel
  • 2.23 acre site
  • Located near Fort Drum military base
  • Corner site: US-11 and NY-342
  • Frontage on 3 roads
  • Complete financials available
  • PIPs for several flags
  • 33 double queen
  • 66 single queen
  • 1 suite
  • 4 ADA accessible
  • 24-hour business center
  • Breakfast area
  • Microwaves & refrigerators

PHOTOS

AUCTION DOCUMENTS

DUE DILLIGENCE / DISCLOSURE

PROPERTY INSPECTION

All inspections must be done prior to bidding. There will be no inspection, feasibility, financing or other contingencies in the Auction Purchase and Sale Agreement.

Inspection: By appointment. Call 404-303-1232 ext 12 to reserve an inspection time.

TERMS OVERVIEW

Basic Terms:

  • $10,000 deposit to bid, 10% down, close in 45 days.
  • All inspection must be done prior to bidding.
  • 5% buyer’s premium will be added to the high bid to determine the purchase price. 
  • 2% of high bid for registered buyer’s agent.
  • Taxes, income and expenses will be prorated at closing.
  • The Microtel flag transfer fee, if transferred, will be paid by the purchaser.

Please see additional Terms & Conditions, Auction Purchase & Sale Contract and Addendum documents at nyhotelauction.com

Microtel Hotel, Watertown, NY area

Auction: Microtel Hotel, Watertown, NY area.

Directions: https://goo.gl/maps/4gtJsykYPcH2