80-Room Independent Hotel

New York

  • Asking Price: $4,600,000
  • Gross Income: $1,208,699
  • Cash Flow: Not Disclosed
  • Real Estate: $3,580,000
  • Inventory: $10,000
  • FF&E: $480,000
  • Listing ID: #203321
  • Established: 1962
  • Employees: 4 FT / 28 PT

Business Description

~Includes full restaurant/bar and event space
~The main banquet room accommodates approximately 400 persons.
~Recent appraisal: $4,450,000
~All rooms have been completely remodeled, including new floors, bathrooms, fixtures, bedding and balconies.
~Over $500,000 in weddings and other events have already been booked for 2018 and another $200,000 is booked for 2019.
~The hotel grounds have beautiful foliage, providing spectacular views, incomparable to any others in the area.
~The bar/restaurant includes a large patio.
~The gardens, ballrooms and hotel rooms are all elegantly decorated.

Business Details

Primary Business Category: Accommodations
Location: New York

Company Information

Year Established: 1962
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 28 PT

Financial Information

Asking Price: $4,600,000
Gross Revenue: $1,208,699
FF&E: $480,000
Inventory: $10,000
Real Estate: $3,580,000
Seller Financing Available: Yes

Property Information


Size of space occupied: 48,000 sq. ft.

Growth & expansion opportunities:

A new owner will want to further develop the wedding and corporate event business with a structured marketing campaign via print, radio and television.


There is no other hotel in the area that compares to this one.

Reason for selling:

The seller is involved in several other business and real estate ventures.

Support & Training:

The seller offers a minimum of 8 weeks of training to provide for a smooth transition.

Contact Business Seller

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Business Listed By:

Dave Bradia

Klassen Ingalls