Swon and Anton of Marcus & Millichap broker sale of two hotel portfolio

Syracuse, NY Marcus & Millichap negotiated the sale of a two-property hotel portfolio in Upstate New York.

“I am pleased to have successfully transacted this nuanced deal,” said Jerry Swon. “Both hotels will be renovated, with the Staybridge continuing to operate under the IHG flag, while the former Holiday Inn will be reopened and operated independently for the time being. It was a pleasure working with our client and the buyer, with whom I have a long-standing relationship. I know this will be another successful endeavor for the new ownership.”

Swon and Eric Anton, investment specialists in Marcus & Millichap’s Manhattan office, exclusively marketed the property on behalf of the private seller, with Swon procuring the buyer.

The portfolio includes the 197-room former Holiday Inn Syracuse Liverpool at 441 Electronics Pkwy. and the 123-room Staybridge Suites Syracuse Liverpool at 439 Electronics Pkwy. Both properties are adjacent to I-90, with direct access to Syracuse Hancock International Airport and nearby demand drivers such as Syracuse University, NBT Bank Stadium, and the Destiny USA shopping and entertainment complex. Hotel amenities include indoor pools, business centers, fitness centers, and complimentary airport shuttles.