PROPERTY FOR SALE: VERMONT
Location: Northwest Vermont, Lake Champlain Area
Number of Units: 59
Year Constructed: Unknown
Corridors: Exterior
# of Stories: 2
Chain Affiliated ? : Yes
Cost to Transfer Franchise: per franchisor
AAA Rated ? : Yes
Asking Price:$ 2,200,000now $ 2,100,000
Gross Rooms Revenue: $ 700,000-plus
Gross F&B Revenue: $ N/A
Gross Other Revenue: N/A
Annual Property Taxes: $ 26,000
Annual Insurance Costs: $ 11,000
Seller/Private Financing Available ?: No
Other Property Included: N/A
Other Information: Even in this difficult economy, revenues at this property increased almost 5% in 2010 vs. 2009.
This is a clean, charming property in the most picturesque part of VT near the fresh water of Lake Champlain. It sits on
5.4 acres with much frontage on a very busy north-south route, and features 59 guest units (29 standard rooms,
20 1BR Suites, and 10 Apartment Units; currently 100% leased with long term guests). The hotel has been renovated
recently, including significant updates to the bathrooms, new PTAC units in the suites, a new boiler for the
hot-water-heating system, and a new $75K roof. One of the buildings is a 3BR residence (that also houses the
office and housekeeping/laundry), affording plenty of room for an owner-operator and family!
Note: A significant Buyer's Rebate may apply; contact LodgingIndex for additional information. For immediate
updates on this property, and other new properties-for-sale opportunities, follow LodgingIndex on Twitter!
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