Hudson Valley NY Bed and Breakfast for sale near CIA

Highland, NY (Ulster County)

Exterior of Hudson Valley B&B for sale
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Asking Price: $650,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Hudson Valley NY Bed and Breakfast for sale near CIA

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Business Description

Perhaps what’s most exciting about the Stonegate Bed and Breakfast is the viable business activity generated by a four room Bed and Breakfast. Occupancy over the last three years has averaged 66%. In 2018, annual occupancy was 70% and the average daily room rate was $137. With $60,000 in advanced bookings for 2019, we don’t expect this quality offering will be around for long!

Detailed Information

Location:
Highland, NY
Facilities:
This Hudson Valley Bed and Breakfast is an exceptional four room property, with special features not commonly found with larger Inns. First off, the Inn has ample common areas with 10’ ceilings, a wraparound porch and comfortable, well-appointed guestrooms. All rooms have private, ensuite baths, TVs and DVD players, mini-splits, and Wi-Fi. Common areas on the first floor include a formal dining room with an 8-top table and coffee/tea bar, an adjacent ‘function’ room with fireplace, and a living room. What’s particularly exciting about Stonegate Bed and Breakfast is the size and functional design of the owner’s space. Owners have a private sitting room with fireplace on the first floor, which is currently functioning as an office/living room space. This is adjacent to the Inn’s kitchen, which has been updated with quality appliances. A well-lit, Innkeeper’s dining room is just beyond the kitchen and serves as the private external entry to the owner’s quarters.
Competition:
There’s more than one reason National Geographic Traveler named the Hudson Valley a Top 20 “Best of the World Destination.” In a sense, the area is a microcosm of New York City, with a strong community of former city-dwellers that have traded in their shoebox apartments for refined country living. Their retreat is made more attractive by the fact that metropolitan life is a short drive or train ride away. Throughout the Hudson Valley, celebrated chefs craft farm to table cuisine at local restaurants and the Culinary Institute of America in Hyde Park. Iconic gardens, performing arts centers, liberal arts colleges, galleries, museums, and boutique shops all add up to a spectacular draw for visitors and an ever-evolving lifestyle for residents. The Stonegate Bed & Breakfast is a four room Inn located at the heart of the Hudson Valley and is successful for many of reasons listed above.
Growth & Expansion:
A three bay garage with second floor storage space offer opportunity for expansion to the owner’s space or an additional guest unit in the future.
Support & Training:
Training will be provided.
Reason for Selling:
Retirement
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Business Listed By:
Inn Consulting Partners

Inn Consulting Partners

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