2452 State Route 9N
Lake George, NY 12845
Best Western Of Lake George · Hospitality Property For Sale
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87 Rooms
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
Property Facts
| Property Type | Hospitality | No. Rooms | 87 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1962/2018 |
| Lot Size | 3.17 AC | Parking Ratio | 2.8/1,000 SF |
| Building Size | 35,696 SF | Corridor | Interior |
| Zoning | TC-A - Tourist Commercial - A | ||
| 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 |
| 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
