Lake George Franchised Hotel

Lake George, NY (Warren County)

Lake George Franchised Hotel

Asking Price:$8,500,000

Cash Flow:N/A

Gross Revenue:$2,500,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:2007

Lake George Franchised Hotel

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Business Description

Located in the Adirondack Mountain area of New York State, this 96-room hotel features seven suites, indoor and outdoor pools, an indoor Jacuzzi, flatscreen HDTVs, plus more. This is a turn-key property, fully-staffed with no deferred maintenance.

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Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
This four story property on 3.5 acres is in excellent shape with absolutely no deferred maintenance. There are 66 adjoining rooms making a top spot for families.
Competition:
This is the prime family lodging choice in the area with a 4+ rating on TripAdvisor. It is close to all the major features in the area including a lake, amusement park, water park, hiking, boating, swimming, skiing and more.
Growth & Expansion:
This property has consistently performed well since it opened. It will make an excellent addition to a portfolio of hotels. It is also a great business opportunity for an owner/operator who desires a lifestyle in one of the top vacation areas in the Northeast.
Support & Training:
This offering is unencumbered by management. Management and staff are very qualified and professional.
Reason for Selling:
Retirement
Franchise:
This business is an established franchise

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Kathlene Thiel, MBA, CVA, CBI

Business Listed By:
Kathlene Thiel, MBA, CVA, CBI

ThielGroup LLC.

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Memberships & Certifications:
Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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