Property summary
This exceptional 50-key Baymont by Wyndham motel in Lake George, NY, presents a lucrative investment opportunity. Boasting 16,600 square feet across three buildings on a 1.02-acre lot, this property offers a mix of interior and exterior corridor guest rooms, all conveniently accessible via an elevator. Built in phases (1957, 1974, 1989, 1993) and extensively renovated in 2022, the motel features amenities including indoor and outdoor swimming pools, free parking, a breakfast/conference room, free Wi-Fi, and a 24/7 front desk. Each of the 50 non-smoking guest rooms includes mountain views, a flat-screen HDTV, mini-refrigerator, coffee/tea maker, and more. The property also includes guest laundry facilities, event space, and pet-friendly rooms. A significant advantage is the spacious three-bedroom owner's apartment located above the reception area, ideal for owner-operators. The motel benefits from its prime location in America's first vacation spot, near popular attractions like Million Dollar Beach, Six Flags Great Escape, and the Aviation Mall, making it an attractive destination for leisure and business travelers. The asking price is $2,700,000, with a price per square foot of $162.65. This established Wyndham franchise offers the support of a global hotel company, promising strong potential for increased revenue and return on investment. The property is zoned for commercial use and is conveniently located off US-9, 54 miles from Albany International Airport.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Lake George, NYZoning
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Zoning designation
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