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Best Western Of Lake George 2452 State Route 9N 87 Room Hotel Lake George, NY 12845 $5,900,000 ($67,816/Room)
INVESTMENT HIGHLIGHTS
- Minutes from Lake George Village and the lake’s scenic waterfront.
- Near to restaurants, attractions, steamships, beaches and hiking.
- Growing tourism, offering stable occupancy and revenue potential.
- Near to restaurants, attractions, steamships, beaches and hiking.
- Consistent seasonal demand by family vacations, group travel, and tourism.
- Enormous Potential to Increase Profitability with Hands On Management
EXECUTIVE SUMMARY
daily. This bright and comfortable space enhances guest satisfaction and adds value to the overall stay, contributing to strong repeat business and positive reviews.
PROPERTY FACTS
| Price | $5,900,000 | Building Size | 35,696 SF |
| Price Per Room | $67,816 | No. Rooms | 87 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1962/2018 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.8/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 3.17 AC | ||
| Zoning | TC-A - Tourist Commercial - A | ||
| Price | $5,900,000 |
| Price Per Room | $67,816 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.17 AC |
| Building Size | 35,696 SF |
| No. Rooms | 87 |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2018 |
| Tenancy | Single |
| Parking Ratio | 2.8/1,000 SF |
| Corridor | Interior |
| Zoning | TC-A - Tourist Commercial - A |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 2452 STATE ROUTE 9N , LAKE GEORGE, NY 12845
Muroff Hospitality Group is proud to exclusively offer for sale the Best Western of Lake George. This 87-room interior corridor hotel is ideally situated in the Adirondacks, minutes from the shores of Lake George and historic Fort William Henry. Currently, the hotel is operated by a third-party management company that has imposed excessive costs, high payroll, and inflated management fees, without prioritizing Net Operating Income (NOI). These factors — not the market or the asset — are why the hotel is not more profitable. A hands-on owner/operator could significantly reduce operating costs and improve margins. Under proper management, this hotel should achieve an NOI in the range of 25%–35% of gross revenue, which equates to approximately $450,000–$600,000 annually. Offering convenient access to top regional attractions, including Six Flags Great Escape and Million Dollar Beach, the property provides a turnkey investment opportunity in one of New York’s most popular year-round destinations. The Best Western of Lake George features both indoor and outdoor pools, providing year-round enjoyment for guests of all ages. Whether relaxing after a day of Adirondack adventures or entertaining the family, these well-maintained amenities enhance the guest experience and support the property’s strong occupancy across all seasons.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 8 | $279.00 | - |
| Guest Room | 79 | $154.00 | - |
PROPERTY TAXES
| Parcel Number | 522289 264.04-1-23.1 | Improvements Assessment | $2,458,500 |
| Land Assessment | $841,500 | Total Assessment | $3,300,000 |
PROPERTY TAXES
Presented by
Best Western Of Lake George | 2452 State Route 9N
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