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Hotel-Motel

Value-Add Vacant Hotel - Slatehill, NY

2865 US-6, Slate Hill, NY 10973

Listing Price: $5,200,000

Cap Rate
1.00%
Number of Rooms
40
RevPAR
$119
Gross SF
54,959
Price/Room
$130,000
Price/Gross SF
$94.62
Year Built
1863

Investment Overview

Marcus & Millichap is pleased to present this value-add opportunity for a beautiful 2015 build hotel & Victorian reception hall located on 10.7 +/- acres. 40 fully furnished guest rooms, restaurant/pub & cave bar with an occupancy of 163 persons. Superior design with Italian marble and exquisite furnishings (suites equipped with fireplaces). Four complete floors and fully finished basement at an idyllic location for weddings or corporate events.

Investment Highlights

  • 2015 Build Hotel with 40 Guest Rooms (46,000 +/- Square-Feet) & 8,959 +/- Square-Foot Victorian Reception Hall on 10.7 Acres on Catlin Creek
  • Easily Accessible from Route 84, within 25 Miles of Woodbury Common Outlets and 60 Miles of New York City
  • Convenient Location to Large Feeder Markets
  • 10 +/- Miles from the New Lego Land Theme Park

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Financing By

Hotel-Motel

Value-Add Vacant Hotel - Slatehill, NY

Listing Price: $5,200,000

Cap Rate
1.00%
Number of Rooms
40
RevPAR
$119
Gross SF
54,959
Price/Room
$130,000
Price/Gross SF
$94.62
Year Built
1863

Investment Highlights

  • 2015 Build Hotel with 40 Guest Rooms (46,000 +/- Square-Feet) & 8,959 +/- Square-Foot Victorian Reception Hall on 10.7 Acres on Catlin Creek
  • Easily Accessible from Route 84, within 25 Miles of Woodbury Common Outlets and 60 Miles of New York City
  • Convenient Location to Large Feeder Markets
  • 10 +/- Miles from the New Lego Land Theme Park

Investment Overview

Marcus & Millichap is pleased to present this value-add opportunity for a beautiful 2015 build hotel & Victorian reception hall located on 10.7 +/- acres. 40 fully furnished guest rooms, restaurant/pub & cave bar with an occupancy of 163 persons. Superior design with Italian marble and exquisite furnishings (suites equipped with fireplaces). Four complete floors and fully finished basement at an idyllic location for weddings or corporate events.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

Financing By

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