1545 Us-9 - Hospitality FOR SALE


Lake George, NY 12845
$2,850,000 USD
617-610-7774
1545 Us-9, Lake George, NY for Sale
$2,850,000 USD
Hospitality - FOR SALE
1/48
null | Request Cap Rate

1545 Us-9
Lake George, NY 12845


HIGHLIGHTS

  • • 44-key hospitality property featuring traditional guestrooms, extended-stay suites, townhouses, condominiums and family accommodations.
  • • Spacious 5-bedroom owner's residence plus separate 2-bedroom manager's apartment included in the offering.
  • • 14 accommodations with full kitchens create significant extended-stay and off-season rental opportunities.
  • • Indoor pool, outdoor pool, fitness center, playground, basketball court, fire pit and extensive guest amenities.
  • • Flexible branding opportunity: continue as Motel + Studio 6, revive the historic Mohican Resort name, or reposition under a new concept.
  • • Offered at just $2,850,000 with substantial upside potential through active owner-operator management and revenue enhancement.

OVERVIEW

43 ROOMS + SUITES + 5 BEDROOM HOUSE! Muroff Hospitality Group is pleased to present the exclusive opportunity to acquire the Motel + Studio 6 Lake George, formerly known as the iconic Mohican Resort of Lake George. Offered at $2,850,000, this well-established hospitality property represents an exceptional opportunity for an owner-operator, regional hotel group, hospitality entrepreneur, or family ownership team seeking a highly visible and strategically located lodging asset in one of the Northeast's premier leisure destinations. Situated on approximately 3.55 acres along busy Route 9 in Lake George, New York, the property enjoys excellent visibility and convenient access to the region's most popular attractions, including Six Flags Great Escape, Million Dollar Beach, the Village of Lake George, Fort William Henry, outlet shopping, restaurants, entertainment venues, and countless Adirondack recreational activities. Unlike many limited-service lodging properties, the Motel + Studio 6 Lake George offers an unusually diverse mix of accommodations that allows ownership to serve a broad range of customer segments including transient travelers, vacationing families, extended-stay guests, contractors, seasonal workers, relocation guests, and group travelers. This flexibility provides multiple opportunities to maximize occupancy and revenue throughout the year. A particularly attractive feature of the offering is the inclusion of a beautiful 5-bedroom owner's residence and a separate 2-bedroom manager's apartment, creating a rare opportunity for an owner-operator to live on-site while maintaining direct oversight of operations. For family ownership groups, the property's residential components provide tremendous flexibility and the ability to significantly reduce payroll and management expenses. The current owners have invested substantial capital into the property and completed extensive improvements since acquiring the asset. As a result, the property is being offered in excellent physical condition with significant upside remaining for a hands-on operator capable of maximizing revenue, controlling expenses, and capitalizing on the property's unique room inventory and amenity package. The property currently operates under the Motel + Studio 6 brand; however, ownership has retained rights to the historic Mohican Resort name, providing a purchaser with substantial branding flexibility. A new owner may elect to continue with the existing franchise affiliation, revive the long-established Mohican identity, or pursue an alternative branding strategy, subject to applicable approvals. Lake George remains one of the most recognized vacation destinations in the Northeastern United States, attracting millions of visitors annually from New York City, Boston, Montreal, New Jersey, Connecticut, and throughout the Mid-Atlantic region. The area's enduring popularity, strong tourism infrastructure, natural beauty, boating, hiking, shopping, entertainment, and family attractions continue to generate substantial lodging demand. For investors seeking a quality hospitality asset with owner housing, strong market fundamentals, branding flexibility, and substantial operational upside, the Studio 6 / Motel 6 Lake George represents a compelling acquisition opportunity.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$195 USD /SF

# OF ROOMS

23

PRICE/ROOM

$123,913 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel + Studio 6 Lake George 43 ROOMS + HOUSE

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1930

PARKING SPACES

62

LAND DETAILS

LAND ACRES

3.55 AC

LAND SF

154,638 SF

ZONING

CI

APN/PARCEL ID

523400-288-008-0001-005-001-0000

ASK ABOUT THIS PROPERTY

Mitchell B MuroffMuroff Hospitality GroupMore Info
617-610-7774

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Mitchell B MuroffMuroff Hospitality GroupMore Info
617-610-7774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.