1545 State Route 9

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1545 State Route 9

Lake George, NY 12845
Asking Price
$2.85M
Asset Type
Hotel Hospitality
Class
Class B

What's Special

44-Key Lake George Hospitality Property with Owner's Residence & Extended-Stay Units <p>​Muroff Hospitality Group is pleased to present the exclusive opportunity to acquire the Motel +Studio 6 Lake George, formerly known as the iconic Mohican Resort of Lake George. Offered at $2,850,000, this well-established hospitality property represents an exceptional opportunity for an owner-operator, regional hotel group, hospitality entrepreneur, or family ownership team seeking a highly visible and strategically located lodging asset in one of the Northeast's premier leisure destinations

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NOI
$80,000
Cap Rate
2.81%
DSCR
0.47
Underwater
Cash-on-Cash
-10.43%
Monthly Payment
$14,100.245
Annual Cash Flow
$-89,202.94

Location & Travel Times