Lake George Hotel Portfolio

$6,795,000

LAKE GEORGE HOTEL PORTFOLIO! Don’t miss this rare opportunity to acquire a portfolio of three iconic Lake George properties being offered for sale in time for the 2020 summer season. The Sundowner Motel, The Motel Montreal and The Lake Haven Motel, totaling 134 guest rooms & suites, are currently owned and operated by a local family who’ve decided it’s time to move on. The Montreal and Sundowner are adjacent properties, and the Sundowner is just a few steps away situated on a beautiful lakefront property boasting its own private beach, dock, kayaks, and more. Lake George is America’s first vacation spot, and this portfolio of three motels is in the center of it all Near to shopping, restaurants, beaches, yachts and attractions! Don’t miss this exciting hospitality opportunity! Call now to schedule a tour! Summer’s almost here!

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Details

Price : $6,795,000

Property Type : Motel

Purpose : Buy

Status : Available

Address : Lake George, New York

State : NY

Zip Code : 12845

City : Lake George

Property ID : 6940

Attachments

Lake George

Features

Rare opportunity to acquire a three hotel portfolio adjacent to one another and offering beachfront access and great amenities.

Seasonal properties that offer high returns in season and free time for its ownership in the off season.

Exceptionally well run and maintained motels! One manager can handle it all! Combined sales effort for all 3 properties.

Efficient operation that offers a central operation and ease of management. Very stable business with tons of repeat customers.

Rooms only business - no food & beverage. Easy to staff...front desk, housekeeping and maintenance! One company for all three!

Lake George has an active Chamber & Convention Board - and is fast becoming a year round destination for business & tourism.

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Mitch Muroff