NEW YORK
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Location: Upstate New York, Catskills Region
Number of Units: 27 Units, Limited Service
Year Constructed: Unknown
Corridors: Exterior
# of Stories: 1 and 2
Chain Affiliated ? : No
AAA Rated ? : No
Asking Price: $ 1,100,000
Gross Rooms Revenue: $ 223,500 for Y/E 12-31-2006
Gross F&B Revenue: $ 90,000 for Y/E 12-31-2006
Gross Other Revenue: $ 8,000 for Y/E 12-31-2006
Annual Property Taxes: $ 12,000
Annual Insurance Costs: $ 6,800
Seller/Private Financing Available ?: Yes, up to $ 100,000
Other Property Included: N/A
Other Information: This clean property is located in a beautiful, charming town in the Catskills Region of Upstate New York, about 90 minutes north of New York City. The market is driven by a variety of diverse demand generators, including abundant travelers in the summer, hunting and fishing enthusiasts in the autumn and spring, and skiiers in the wintertime. It is situated on 2 acres alongside a picturesque creek, and it features 27 guestrooms in 4 separate buildings. It also includes a fully-functioning revenue-producing restaurant and bar. Currently, the owner operates the restaurant/bar directly; but it can be leased out as an option; allowing the owner to focus on the hotel operations. Recent renovation projects include: The construction of a new office/lobby (added on to existing building) and the construction of a storage shed.
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Important Note: This property is profitable, and the seller is willing to substantiate that to qualified prospects. The seller plans to retire in the near future, and will consider any reasonable offer . To start the communication, please submit an inquiry below.