Roaring Brook Ranch Resort in Lake George hits market at $7.5M
Nov. 2, 2022 Updated: Nov. 2, 2022 12:02 p.m.
LAKE GEORGE — Roaring Brook Ranch Resort, a 135-room resort and conference center nestled in the woodland heart of the Adirondacks, is on the market for $7.5 million.
The 35-acre, ranch-style resort is located off Route 9N just 2 miles from Million Dollar Beach. Owner Ajay Dhar purchased it in 2019, spending $5 million on renovations and improvements over the past three years.
Dhar, who lives in New Dehli, India, hired Access Hotels & Resorts of Florida to manage the hotel and undertake the renovations, which revamped 100 rooms out of the 135 and made improvements to the restaurant and banquet areas that were left vacant after the previous owner died.
Immigration and personal issues prohibiting Dhar from leaving India triggered his decision to sell the property, according to broker Mitch Muroff of Muroff Hospitality Group.
Dhar is planning on retaining the surrounding 245 acres of land to develop into residential and vacation homes with complementary uses to the resort, but Muroff said he would be willing to sell those two parcels if offered the right price.
Muroff said the two-story building’s largest draw is its 17,000 square feet of public meeting space that can accommodate 700 guests and is ideal for business conferences, corporate retreats, weddings and other large-scale receptions.
“There’s tremendous potential for a new hospitality management company to come in and take advantage of the public space this resort has,” Muroff said.
Amenities include an indoor pool, an outdoor swimming pool, hot tub, restaurant, coffee shop, tennis court and miles of hiking and horseback riding trails, as well as panoramic views of the Adirondacks.
Despite the sale and upcoming transition of ownership, operations will remain normal at the hotel where the 120 guest rooms have daily rates in the $150 to $200 range.
Muroff said he has received a great deal of interest since listing the property last week.
“Almost nothing compares to it in the Adirondacks,” he added.