334 NY-32A - Hospitality FOR SALE


Palenville, NY 12463
$4,600,000 USD
518-254-5224
334 NY-32A, Palenville, NY for Sale
$4,600,000 USD
Hospitality - FOR SALE
1/78
null | Request Cap Rate

334 NY-32A
Palenville, NY 12463


HIGHLIGHTS

  • Scale + Diversified Lodging in a Prime Catskills Location
  • Built-In Revenue Drivers with Meaningful Upside
  • Expansion & Repositioning Opportunity
  • Main Highway Visibility + Gateway Position
  • Four-Season Market with Durable Demand
  • Direct NYC Connectivity Without a Car

OVERVIEW

Just two hours from New York City and approximately three hours from Boston, this Catskills hospitality asset sits at the gateway to one of the Northeast's most desirable outdoor destinations. Positioned on a main highway with strong visibility and access, the property is minutes from Hunter Mountain Ski Resort, the iconic Kaaterskill swimming holes and waterfalls, and within easy reach of Woodstock and Hudson. The property comprises approximately 45 guest rooms across a central lodge, motor lodge annex, a main house, cabins, and a bunk house, offering a diversified lodging mix suited for groups, families, retreats, and year-round tourism. A central courtyard, outdoor gathering areas, and an in-ground pool create a natural social hub that enhances guest experience and on-site dwell time. A full 80-seat restaurant and pub style lounge with indoor and outdoor seating anchors the property as a destination in its own right and represents a major revenue driver. In a market with limited dining options, the restaurant and bar offer significant opportunity to capture both overnight guests and local traffic, creating a built-in food, beverage, and social component that strengthens overall performance and guest retention. The property is further distinguished by an Adirondack Trailways bus stop, providing direct mainline access from New York City and appealing to car-free travelers, skiers, hikers, and weekenders. With nearly 2,000 miles of hiking trails throughout the Catskills and four-season demand driven by skiing, waterfalls, culture, and mountain scenery, the region continues to outperform as a tourism market. Additional upside exists through camp or glamping-style expansion opportunities, allowing an owner to increase capacity while leaning into the area's outdoor-focused demand. With its prime highway location, established infrastructure, diversified accommodations, and multiple revenue channels - including lodging, food and beverage, events, and expansion - this offering presents a rare value-add opportunity to elevate a Catskills hospitality asset and unlock its full potential.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$192 USD /SF

# OF ROOMS

41

PRICE/ROOM

$112,195 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Catskill Mountain Lodge / LOGE Catskills

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1978

PARKING SPACES

41

LAND DETAILS

LAND ACRES

4.12 AC

LAND SF

179,494 SF

ZONING

03 - MULTI

APN/PARCEL ID

192689-199-012-0005-009-000-0000

ASK ABOUT THIS PROPERTY

Jason DugoDugo RealtyMore Info
518-254-5224

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Jason DugoDugo RealtyMore Info
518-254-5224

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