Lake Luzerne inn sold to Pennsylvania couple
By Chelsea Diana – Reporter, Albany Business Review
May 2, 2024
A Pennsylvania couple has purchased The Lamplight Inn Bed & Breakfast in Lake Luzerne, the Adirondacks town southwest of Lake George village, for $1.255 million.
George and Mary Haleem bought the Victorian inn at 231 Lake Ave. from Eugene and Linda Merlino. The transaction closed on April 30, according to a deed filed in Warren County.
Broker Mitch Muroff of Muroff Hospitality Group represented the seller and secured the buyer.
The Merlinos had owned the bed and breakfast for 40 years. Eugene Merlino is the town supervisor of Lake Luzerne in the foothills of the Adirondack Mountains. The town and the small lake, known for ice fishing tournaments, community beaches and kayaking, share the same name.
The inn property includes the seven-suite main Victorian-style building built in 1890 and a five-room carriage house built in 1966. Overall, the inn is situated on 2.78 acres.
The Lamplight had been listed for $1.395 million. Muroff said the inn had another offer that fell through at the last day of due diligence. Within a week or so, the Haleems showed an interest in the property. They mortgaged the property with The Dime Bank of Pennsylvania.
“I gave them a tour and he loved it,” Muroff said. “They have experience running Airbnbs and rental properties and inns and were well qualified to buy it.”
This is the buyers’ first investment property in New York, Muroff said. He mentioned that the Merlinos, who live next door to the inn, plan to assist the new owners in the transition.
The inn will be open in time for regular spring and summer bookings.