963 Friends Lake Rd - Hospitality FOR SALE


Chestertown, NY 12817
$3,495,000 USD
617-610-7774
963 Friends Lake Rd, Chestertown, NY for Sale
$3,495,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

963 Friends Lake Rd
Chestertown, NY 12817


HIGHLIGHTS

  • AAA Four Diamond Luxury Boutique Inn in the Adirondack Mountains!
  • 17 Guest Rooms & Elegant Adirondack Accommodations with lake access!
  • Award-Winning Restaurant, Wine Cellar & Destination Dining Experience!
  • Premier Wedding & Special Events Venue with Established Reputation!
  • Exceptional Four-Season Location Near Gore Mountain & Lake George!
  • Rare Turnkey Boutique Inn Offering Lifestyle & Investment Opportunity!

OVERVIEW

Muroff Hospitality Group is pleased to exclusively offer Friends Lake Inn for sale at $4,000,000. Located in Chestertown, New York in the heart of the southern Adirondacks, this distinctive boutique hospitality property presents a rare opportunity to acquire an established upscale inn combining lodging, destination dining, weddings and private events within an exceptional natural setting. Friends Lake Inn features 17 individually appointed guest rooms and suites, an award-winning restaurant and wine program, multiple dining and event spaces, beautifully landscaped grounds, lake and trail access, and a long-established reputation as one of the Adirondacks’ premier romantic getaways. The property is well positioned to benefit from multiple revenue streams including overnight accommodations, food and beverage, weddings, private events and experiential hospitality. The Inn enjoys a highly desirable four-season location approximately 20 minutes from Gore Mountain, minutes from the Lake George region, and approximately 90 minutes north of Albany via I-87. Warren County is one of the Adirondacks’ strongest tourism markets, benefiting from year-round leisure demand generated by skiing, hiking, boating, lake recreation, fall foliage, weddings and other destination travel. Friends Lake Inn represents an outstanding opportunity for an experienced hospitality operator, restaurateur, lifestyle investor or entrepreneur seeking an established Adirondack property with substantial character and a recognized identity. The offering provides the opportunity to continue the Inn’s longstanding hospitality tradition while further developing its lodging, culinary, wedding and experiential components. “Friends Lake Inn continues to operate as a going concern. The ownership entities are currently operating under Chapter 11 of the U.S. Bankruptcy Code. Any sale of the property will be free and clear of liens and interests as authorized by the Bankruptcy Code and subject to approval of the United States Bankruptcy Court.” Additional property and financial information is available to qualified prospective purchasers upon execution of a confidentiality agreement. All showings are strictly by appointment through Muroff Hospitality Group.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$181 USD /SF

# OF ROOMS

17

PRICE/ROOM

$205,588 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Friends Lake Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1860

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.47 AC

LAND SF

238,273 SF

ZONING

07

APN/PARCEL ID

522400-103-018-0001-030-000-0000

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.