lake george hotel portfolio muroff-daigle hospitality group · this lake george hospitality...

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Price: $6,795,000 Don't miss this rare opportunity to acquire a portfolio of three iconic Lake George properties being offered for sale in time for the 2020 summer season. The Sundowner Motel, The Motel Montreal and The Lake Haven Motel, totaling 134 guest rooms & suites, are currently owned and operated by a local family who've decided it's time to move on. The Montreal and Sundowner are adjacent properties, and the Sundowner is just a few steps away situated on a beautiful lakefront property boasting its own private beach, dock, kayaks, and more. Lake George is America's first vacation spot, and this portfolio of three motels is in the center of it all Near to shopping, restaurants, beaches, yachts and attractions! Don't miss this exciting hospitality opportunity! Call now to schedule a tour! Summer's almost here! Portfolio of 3 Properties for Sale Lake George Hotel Portfolio Presented by Muroff-Daigle Hospitality Group For more listing information visit

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Page 1: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Price: $6,795,000

Don't miss this rare opportunity to acquire aportfolio of three iconic Lake George propertiesbeing offered for sale in time for the 2020 summerseason. The Sundowner Motel, The MotelMontreal and The Lake Haven Motel, totaling 134guest rooms & suites, are currently owned andoperated by a local family who've decided it's timeto move on. The Montreal and Sundowner areadjacent properties, and the Sundowner is just afew steps away situated on a beautiful lakefrontproperty boasting its own private beach, dock,kayaks, and more. Lake George is America's firstvacation spot, and this portfolio of three motels isin the center of it all Near to shopping, restaurants,beaches, yachts and attractions! Don't miss thisexciting hospitality opportunity! Call now toschedule a tour! Summer's almost here!

Portfolio of 3 Properties for Sale

Lake George Hotel PortfolioPresented byMuroff-Daigle Hospitality Group

For more listing information visit

Page 2: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

This Lake George hospitality portfolio has strong financials and animpressive bottom line. Central management has effectively consolidatedthe operations to minimize its operational costs and maximize its revenue.The seasonality of the business offers ownership a busy summer andtime off in the winter to refresh. By operating 3 hotels in close proximity toone another, ownership can provide a selection of unique settings for itsvaried customer base. Guests can choose from a beautiful beachfrontsetting, to a relaxed pool environment with a choice of guestrooms thatinclude kings, queens, doubles and suites. Lake George has been calledthe Queen of American Lakes, and has been welcoming guests for 200years. This family friendly village and town offers something foreveryone.

Mitchell [email protected](617) 610-7774

Muroff-Daigle Hospitality Group69 Ober RdNewton, MA 02459

MD | Muroff Daigle Hospitality Group is a boutique hospitality brokerage, management andadvisory firm dedicated to personalized service and comprised of seasoned hospitalityprofessionals.With more than 50 years of hospitality experience,we serve the greater NewYork – New England region as the pre- eminent boutique hospitality brokerage firmrepresenting independent and franchised hoteliers alike, with an unparalleled range ofpersonalized services..

Portfolio of 3 Properties for Sale

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

Page 3: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Rare opportunity to acquire a three hotel portfolio adjacent to one another andoffering beachfront access and great amenities

Seasonal properties that offer high returns in season and free time for itsownership in the off season.

Exceptionally well run and maintained motels! One manager can handle it all!Combined sales effort for all 3 properties.

Efficient operation that offers a central operation and ease of management. Verystable business with tons of repeat customers.

Rooms only business - no food & beverage. Easy to staff...front desk,housekeeping and maintenance! One company for all three!

Lake George has an active Chamber & Convention Board - and is fastbecoming a year round destination for business & tourism.

For more listing information visit

Page 4: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Portfolio of 3 Properties for Sale

Property Name / Address,City, State

Property Type Size Year Built Individual Price

Sundowner Motel,Lake George, NY

Hospitality 25,445 1962 Confidential

Lake Haven Motel,Lake George, NY

Hospitality 25,000 1952 Confidential

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

Page 5: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Hotel Montreal,Lake George, NY

Hospitality 16,386 1955 Confidential

For more listing information visit

Page 6: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Sundowner Motel Entrance Sign Sundowner Beachfront

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

For more listing information visit

Page 7: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Sundowner Double Lakefront Sundowner View of the Lake

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

For more listing information visit

Page 8: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Sundowner Bathroom Sundowner View from Sundeck

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

For more listing information visit

Page 9: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Sundowner Motel Pool and Lake Lake Haven Sign Exterior

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

For more listing information visit

Page 10: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Lake Haven Pool Sundeck Lake Haven King-Double-Bedroom

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

For more listing information visit

Page 11: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Lake Haven shower-style-bathroom Sundowner Lake George

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

For more listing information visit

Page 12: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Montreal Exterior 1 Montreal Patio - Lake View

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

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Page 13: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Montreal Suite Montreal Pool

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

For more listing information visit

Page 14: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Montreal Suite Kitchen Montreal Fire Pit

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

For more listing information visit

Page 15: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Montreal Guest Room Montreal Exterior

Portfolio of 3 Properties for Sale

Property Photos

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223

For more listing information visit

Page 16: Lake George Hotel Portfolio Muroff-Daigle Hospitality Group · This Lake George hospitality portfolio has strong financials and an impressive bottom line. Central management has effectively

Portfolio of 3 Properties for Sale

Location

Lake George Hotel Portfolio

For more listing information visithttps://www.loopnet.com/listing/portfolio/18727223