Updated about 8 years ago on .
Hudson Valley Resort For Sale - LOTS OF UPSIDE
Conveniently located in New York Catskills region, the resort is tucked in among towering pines and crisp, clear lakes. This secluded country resort provides services with the perfect mix of comfort, charm, and relaxation. The property, centered between New Paltz, Kingston, Woodstock, and Rhinebeck, is complete with:
- 9 cabins
- 7 motel rooms - Cabins & Motels brought in $300k in 2016
- Three-bedroom rental house - Rented on a 12 mo term for $2,400/mo
- Fully refurbished stone house built in the 1600's - Occupied by owner but can be vacated and rented for $2,000/mo or nightly on Airbnb for approx $300/night
- Income producing cell tower - $2,500/mo
- The property is also rented out for entire weekends in exchange for site fee's. Ideal for Family reunions, weddings, parties, corporate retreats, etc. Typical site fee's are approx $10k for two days + rental of all cabins/motels.
The property also boasts two pristine lakes, two gazebos, an indoor banquet facility and commercial kitchen, and an outdoor pavilion and bar that seats 300. This is a rare opportunity to acquire a value-add resort with TONS of development and growth potential. The cabins need approximately $5k/each in capital improvements and the nightly rates can be increased by 15-20%. The property maintains high occupancy levels due to the amount of tourism and proximity to Manhattan and Brooklyn. It operates as a great weekend getaway.
Asking $2,000,000 and the seller is CREATIVE and open to trading up into multifamily, assisted living, office, or mixed-use along the east coast. Bring me an offer!
Keywords: New York, Kingston, Hudson Valley, Catskills, New Paltz, Rhinebeck, Resort, Airbnb, Motel, Hotel, Vacation, Lake, Getaway, Value Add, Income Producing