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.