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Business For Sale

Resort, Hotel & Conference Center

Not Disclosed, NY

Services: Hotel, Motel, Lodging

Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$25,000,000
$16,000,000
Not Disclosed
$2,200,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1930
0
948524064

Business Overview:

This first class Resort and Conference Center located Upstate NY has all the amenities and has enjoyed growth and prosperity over the last 80 years by not compromising at the expense of it's guests and by keeping vigil over its facilities -- adding, maintaining and upgrading -- as attested by it's reputation and success over the years.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Established in the 1930's with real estate and building additions over the years. These are some of the Property Features: 140 hotel guest rooms: 190 Two Bedroom Timeshare Units* 44 One Bedroom Timeshare Units* 2 Three Bedroom Units* *Affording additional Room Rental opportunities to the Hotel 68 Full ownership Condominiums, all sold, providing ancilliary income stream for Hotel Outlets. 44 Two Bedroom, 2 Bath Units 24 Three Bedroom, 2 Bath Units Over 500 acres of land all within a pre-formed Planned Unit Development (PUD) District. 18 hole par 72 golf course, 6400 yards. Golf maintenance buildings and equipment. Golf Clubhouse including pro shop, grill room (seats 100), men’s & ladies’ locker rooms, dining room (seats 300), full kitchen, 2 bars, public bathrooms and offices. Ideal for Banquets. Dining room/Ballroom (seats 625), Fully equipped state of the art kitchen facility with serving capability of 750 meals per service, Nightclub (seats 1200), two Cocktail lounges (seats 200) each, Cafe (seats 175), Gelato/Cappuccino Bar, Piano Bar,Main & Mezzanine Lobbies. Two indoor and two outdoor tennis courts. Eight regulation bowling alleys. Four indoor racquetball courts. 5,000 square foot fitness center and gym including a full array of aerobic and weight machines, free weights, tanning beds etc. with outside membership base. Sports building with eight indoor bocce courts, six indoor shuffleboard courts, ping pong, billiards, and children’s soft play area. All features of the sports building are duplicated outside plus a bumper boat pond, a Go-Cart track, Rock Wall, Paintball Shooting Gallery and 2 inflatable soft-play areas. Electronic game room arcade with video machines, redemption center and teen lounge. Indoor pool area with oversized Jacuzzi hot tub, showers, bathrooms, saunas and massage therapy rooms. Conference Area with eight breakout meeting rooms. Shopping Arcade including Gift & Souvenir Shop*, Boutique*, Cosmetics Shop, Perfume Shop and Hair & Nail Salon. *Hotel owned Four outdoor pools including an L shaped pool with Slide and Mushroom Waterfalls, an adult pool, a zero entry children’s pool with dumping bucket, play and water spout features and a Children’s Camp Pool. Outdoor overs-ized Jacuzzi Hot Tub with rock and waterfall features Outdoor Pool Grill, Pool Bar, Raw Bar in a newly landscaped outdoor pool area. Go-Kart Track with go carts. Grocery and Deli store servicing Timesharers needs. Ski Chalet building including bathrooms, rental room and ski rental equipment, shop, bar and lounge, kitchen, cafeteria and offices. Ski area with four slopes served by a T-bar lift and a double chair lift plus a tube run with lift. 100% Snowmaking Capability. One three-bedroom penthouse apartment On premise fully equipped laundry which services linens for the entire hotel as well as the timeshare units creating an additional revenue center for the hotel. On premise sewer treatment facility. Two Warehouse facilities and Two Vehicle repair shops.

Market Competition and Expansion:

Additional land is available for Planned Unit Development if desired. This Resort has weathered many storms over the years and it is stronger than ever while many competing hotels have fallen by the wayside.

Reason for Selling:

Retire

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Resources: