Hotel-Motel

Best Western of Lake George

2452 NY-9N, Lake George, NY 12845

Listing Price: $4,950,000

Cap Rate
9.50%
Number of Rooms
87
Gross SF
139,392
Price/Room
$56,897
Price/Gross SF
$35.51
Year Built
1962

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western of Lake George, a two-story 87-room hotel ideally situated in upstate New York with easy access to the Adirondack Mountains. Amenities include: both an indoor and outdoor pool, hot tub, business center, complimentary WiFi, and complimentary full hot breakfast. Guest rooms feature a desk, television, microwave, refrigerator, iron and ironing board, hair dryer, coffee maker, and daily housekeeking. Hotel features some fireplaced suites.

Investment Highlights

  • RESILIENT DRIVE TO LEISURE DESTINATION WITH AUGUST 2020 REVPAR OF $155.12
  • CONSISTENTLY STABLE HOTEL AND MARKET
  • UPDATED BATHROOMS
  • NO PROPERTY IMPROVEMENT PLAN REQUIRED - AUTO TRANSFER READY
  • LESS THAN TWO MILES FROM LAKE GEORGE

Exclusively Listed By

Hotel-Motel

Best Western of Lake George

Listing Price: $4,950,000

Cap Rate
9.50%
Number of Rooms
87
Gross SF
139,392
Price/Room
$56,897
Price/Gross SF
$35.51
Year Built
1962

Investment Highlights

  • RESILIENT DRIVE TO LEISURE DESTINATION WITH AUGUST 2020 REVPAR OF $155.12
  • CONSISTENTLY STABLE HOTEL AND MARKET
  • UPDATED BATHROOMS
  • NO PROPERTY IMPROVEMENT PLAN REQUIRED - AUTO TRANSFER READY
  • LESS THAN TWO MILES FROM LAKE GEORGE

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western of Lake George, a two-story 87-room hotel ideally situated in upstate New York with easy access to the Adirondack Mountains. Amenities include: both an indoor and outdoor pool, hot tub, business center, complimentary WiFi, and complimentary full hot breakfast. Guest rooms feature a desk, television, microwave, refrigerator, iron and ironing board, hair dryer, coffee maker, and daily housekeeking. Hotel features some fireplaced suites.

Exclusively Listed By

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