1 June 2023

HUNTER HOTEL ADVISORS ANNOUNCES SALE OF MARRIOTT ROCHESTER AIRPORT

Hunter Hotel Advisors (“HUNTER”) is pleased to announce the sale of the Marriott Rochester Airport in Rochester, New York. DelMonte Hotel Group (“DHG”) sold the property to SAI Global Investments LLC for an undisclosed amount. Mayank Patel, Senior Vice President of HUNTER, advised the seller.

Alex DelMonte, CEO & President of DelMonte Hotel Group noted, “DHG is excited to have executed on another successful sale with Mayank and Hunter Hotel Advisors. This transaction represents the 10th hotel that DHG has entrusted the HUNTER team to sell, and as always the HUNTER team ran a competitive process that allowed us to maximize the value in our asset.”

The Marriott Rochester Airport offers 210 rooms to the city of Rochester, the third-largest metropolitan area in New York. Centered around multiple industrial and corporate demand generators, the hotel is just half of a mile from Eastman Business Park and less than 15 minutes from downtown and East Rochester which is home to major companies such as Kodak, Xerox, Paychex, Wegmans, Bausch & Lomb, and Sutherland Global. Further driving demand to the hotel is its close proximity to the Greater Rochester International Airport. The hotel’s central location allows guests ease of travel to tourist attractions such as Ontario Beach Park, Seneca Park Zoo, Blue Cross Arena, College Town, and many more.

Ashish Kapoor, CEO of SAI Global Investments, and Manav Khera, Director, remarked, “We are thrilled to acquire this excellent asset in New York. There is a very promising future as we set foot in this market with a flagship brand from Marriott International as one of the few full-service hotels in the city of Rochester.”