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Businesses for Sale: Listing Details

 
GORGEOUS FLAGGED HOTEL IN LAKE GEORGE
Seller: Attn: Jennifer Hampton
Location: Warren, NY, USA
Listing Number: "NBJH117AB"


Asking Price: $5,200,000 USD USA Dollars
Industry: Services: Hotel, Motel, Lodging
Reason for Selling: Retirement.
Yearly Gross Income: $702,000

Overview:
This charming New England-style year-round hotel is located in beautiful Lake George Village, New York. It recently re-branded to what Lodging Hospitality Magazine named the fastest-growing hotel chain in America in 2003, 2004, 2005, and 2006. This 62 unit hotel complex is located on two prime acres, bordered by the woods. In 1999, 50% of this property was built new. All the town homes were built in 2001 and 2002. The efficiency suites were totally remodeled as well as any existing rooms in 2003 and 2004. Included in the sale is a 2,200 square foot three bedroom year round house for owner/manager living accommodation with main office attached. This is an amazing opportunity. In the first year since franchising, earnings have significantly increased, and will continue to do so.

Property Features and Assets:
62 rooms, including 46 traditional motel rooms, 4 Jacuzzi specialty rooms (2 with real wood burning fireplaces), 3 one-bedroom efficiency kitchen suites, 2 two-bedroom efficiency kitchen suites, a two bedroom, two story deluxe suite, and six deluxe townhouses with full kitchens (5 three-bedroom and 1 four-bedroom). Also features heated indoor/outdoor pool, playground, vending machines, ice machine, fax and copy service, picnic area. Conveniently located next to top restaurants and tourist destinations.

Market Competition and Expansion:
As this franchise continues to grow and gain national recognition, increased earnings are guaranteed.

Additional Details:

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