Accommodation Business for sale in 0 Upstate New York New York

80-Room Independent Hotel

Location : New York -Upstate New York

Category : Accommodation

Asking Price : 4,600,000

  • Sales revenue : $ 1,208,699
  • Net profit : Undisclosed
  • Furniture/Fixtures value : $ 480,000
  • Inventory/Stock value : $ 10,000

Business description

~Includes full restaurant/bar and event space
~The main banquet room accommodates approximately 400 persons.
~Recent appraisal:  $4,450,000
~All rooms have been completely remodeled, including new floors, bathrooms, fixtures, bedding and balconies.
~Over $500,000 in weddings and other events have already been booked for 2018 and another $200,000 is booked for 2019.
~The hotel grounds have beautiful foliage, providing spectacular views, incomparable to any others in the area.
~The bar/restaurant includes a large patio.
~The gardens, ballrooms and hotel rooms are all elegantly decorated.

Other Information

  • Years established: 1962
  • Employees: 4 FT / 28 PT
  • Relocatable:N
  • Home Based:N
  • Real Estate:Size of space occupied: 48,000 sq. ft.
  • Competition:There is no other hotel in the area that compares to this one.
  • Expansion:A new owner will want to further develop the wedding and corporate event business with a structured marketing campaign via print, radio and television.
  • Support Training:The seller offers a minimum of 8 weeks of training to provide for a smooth transition.
  • Reason Selling:The seller is involved in several other business and real estate ventures.
  • Lease Terms:NA
Klassen Ingalls
  • Company Details : Klassen Ingalls
  • Agent Detail : Dave Bradia
  • Phone : Click here for phone number
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