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Friends Lake Inn 963 Friends Lake Rd 17 Room Hotel Chestertown, NY 12817 $3,495,000 ($205,588/Room)
Investment Highlights
- AAA Four Diamond Luxury Boutique Inn in the Adirondack Mountains!
- Award-Winning Restaurant, Wine Cellar & Destination Dining Experience!
- Exceptional Four-Season Location Near Gore Mountain & Lake George!
- 17 Guest Rooms & Elegant Adirondack Accommodations with lake access!
- Premier Wedding & Special Events Venue with Established Reputation!
- Rare Turnkey Boutique Inn Offering Lifestyle & Investment Opportunity!
Executive Summary
Friends Lake Inn features 17 individually appointed guest rooms and suites, an award-winning restaurant and wine program, multiple dining and event spaces, beautifully landscaped grounds, lake and trail access, and a long-established reputation as one of the Adirondacks’ premier romantic getaways. The property is well positioned to benefit from multiple revenue streams including overnight accommodations, food and beverage, weddings, private events and experiential hospitality.
The Inn enjoys a highly desirable four-season location approximately 20 minutes from Gore Mountain, minutes from the Lake George region, and approximately 90 minutes north of Albany via I-87. Warren County is one of the Adirondacks’ strongest tourism markets, benefiting from year-round leisure demand generated by skiing, hiking, boating, lake recreation, fall foliage, weddings and other destination travel.
Friends Lake Inn represents an outstanding opportunity for an experienced hospitality operator, restaurateur, lifestyle investor or entrepreneur seeking an established Adirondack property with substantial character and a recognized identity. The offering provides the opportunity to continue the Inn’s longstanding hospitality tradition while further developing its lodging, culinary, wedding and experiential components.
“Friends Lake Inn continues to operate as a going concern. The ownership entities are currently operating under Chapter 11 of the U.S. Bankruptcy Code. Any sale of the property will be free and clear of liens and interests as authorized by the Bankruptcy Code and subject to approval of the United States Bankruptcy Court.”
Additional property and financial information is available to qualified prospective purchasers upon execution of a confidentiality agreement. All showings are strictly by appointment through Muroff Hospitality Group.
Property Facts
Amenities
- Business Center
- Fitness Center
- Restaurant
- Room Service
- Meeting Event Space
- Wedding Venue
- Awning
About 963 FRIENDS LAKE RD , CHESTERTOWN, NY 12817
Set amid the natural beauty of the Adirondack Mountains, Friends Lake Inn is an intimate luxury boutique inn offering the character of a historic Adirondack retreat together with upscale accommodations, destination dining and an exceptional four-season guest experience. Originally built in the 1860s, the Inn was transformed into an upscale hospitality destination and today offers 17 distinctive guest rooms and suites divided among Lake Rooms, Tree Rooms and Bird Rooms. Accommodations are individually decorated in a warm Adirondack style, with select rooms featuring king beds, wood-burning or gas fireplaces, Jacuzzi, slipper or whirlpool tubs, steam showers, private balconies, porches and separate entrances. Dining has long been an important part of the Friends Lake Inn experience. The property features a historic Main Dining Room with an original 1800s tin ceiling and wood-burning fireplace, together with the more casual Birch Bistro. Its established restaurant operation, wine cellar and award-winning wine program provide an important complement to the lodging business and create additional opportunities for destination dining, special events and curated guest experiences. The property’s grounds are among its most distinctive attributes. Landscaped gardens and a wedding lawn surround a flowing stream, waterfall, spring-fed pond, footbridge and signature willow tree. Outdoor fireplaces, lake access, Adirondack forest trails, kayaks and snowshoes further enhance the year-round resort experience. Friends Lake Inn is also an established destination for weddings and private events, accommodating celebrations ranging from intimate elopements to weddings of approximately 50 guests. Ceremony and reception options include the wedding lawn, garden arbor, streamside bridge, Breeze Dining Room, Birch Bistro and patio, Adirondack Dining Room and historic Main Dining Room, with on-site lodging allowing guests to enjoy a complete destination wedding experience. Located at 963 Friends Lake Road in Chestertown, New York, the property offers convenient access to many of the Adirondacks’ most popular attractions. Gore Mountain is approximately 20 minutes away, the Lake George region is nearby, and Albany is approximately 90 minutes south via Interstate 87. This combination of natural beauty, accessibility and year-round recreation makes Friends Lake Inn a truly distinctive Adirondack hospitality offering.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $437.00 | - |
| Guest Room | 16 | $359.00 | - |
Property Taxes
| Parcel Number | 522400-103-018-0001-030-000-0000 | Improvements Assessment | $2,182,900 |
| Land Assessment | $481,500 | Total Assessment | $2,664,400 |
Property Taxes
Contact the Sale Advisor
Friends Lake Inn | 963 Friends Lake Rd