LodgingIndex - Property for Sale in New York

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HISTORIC PROPERTY FOR SALE: NEW YORK

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Location: Southern Tier Upstate NY (South-Central NY)
Number of Units: 24
Year Constructed: 1910
Corridors:  Interior
# of Stories: 3 (See Notes Below)
Chain Affiliated ? : No
Cost to Transfer Franchise: N/A
Property Rating : 3.5/5.0 (Google Reviews)

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Offering Price: $ 1,365,000,000
Gross Rooms Revenue: $ 9703 in August 2018
Gross F&B Revenue: $ 8410 in August 2018
Other Revenue: N/A
Annual Property Taxes: $ 8,500
Annual Insurance Costs: $ 4,000
Seller/Private Financing Available ?: No

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Other Information: This 100-plus year old HISTORIC hotel is located in the Finger Lakes Region of New York State. It is built solidly, and as pictured above features 4 stories. The top-most floor is an attic, and is not used at the present time, possible usage in future?. There is also a full basement, offering ample storage and possible future re-use as well. The street level features the lobby, a restaurant and a tap room. The upper floors offer up 24 guest rooms. The property is fully sprinklered with fire alarm system. The current owners have operated the property for decades, and are seeking a buyer, a new operator, who can pour renewed energy into the property and increase its revenues and performance. To learn more about this property, submit an inquiry below!

Recent Renovations Include:
New GeoThermal HVAC System (for bottom floor)


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Interested in this property?  If you would like to obtain more information about this property-for-sale, please submit an inquiry below. Upon receipt of this, the property owner will be notified of your inquiry, and you will receive a subsequent email, sent to the Email address you specify below, from LodgingIndex regarding this property.   Thereafter, discussions can start directly between you and the property owner.   In order to receive additional information, please make sure that you complete the form below and include an accurate, valid EMail address!   By submitting the form below, the inquirer agrees that all subsequent information obtained as a result of this inquiry is strictly confidential and is not to be disclosed to or shared with any outside parties.  Please refer any additional interested purchasers directly to www.lodgingindex.com.

Submit your inquiry here:
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All of the above information was obtained from seller of the property and is deemed reliable, but not guaranteed.  
LodgingIndex and its representatives assume no liability.  All information should be verified by the prospective buyer.

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