272 Acres with existing 135 room resort

Lake George, NY
Warren County

2206 State Route 9N


Asking Price: Annual Revenue:
$4,240,000 Not Disclosed

Services: Hotel, Motel, Lodging


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RE: 272 Acres with existing 135 room resort Broker: Stephen Borgos
License #: 30BO0039430

Quick Facts

Asking Price: $4,240,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: NY
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 950615004
Broker Reference #: 2206

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Business Overview:

This is a fully equipped, operating family resort located just one mile from an Interstate Exit. 272 acres of mostly wooded lake with mixed hardwoods and softwoods. 135 rooms, of which 120 are online at the moment. The remainder need renovation. Three swimming pools [one indoor], dining room accommodates 500, and large industrial kitchen can serve a total of 700 for full dinner. Two bars, gift shop, snack bar, Conference Center seats 1000. Room for expansion! Property needs TLC. Current owners are ready to retire.

Priced far below insured value.

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Market Competition and Expansion:

Business in the Lake George area is expanding rapidly, and this is believed to be the largest, privately owned, commercial property remaining in the Town of Lake George.

Reason for Selling:

Retirement

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.

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