Want some more information? Here’s my number… 518-325-3000.
Current owner, Steele Andrews, has owned the property since May of 2001. It is a premium piece of real estate located in the North Hudson Valley, sitting nicely between the pristine Berkshire town of Great Barrington and the city of Hudson – the New York Times pick for best get-away.
Would love to have you over if you’d like to talk. No information is secret – will share everything.
Location is RIPE for development. There is nearly 5 acres of land that is the blank canvas for creating a “destination”.
Hillsdale is a different town than it was 15 years ago; the people are committed and dedicated to the soft improvements which only enhance all there is to offer in this area.
Check the websites for the best attractions – which include Catamount Ski area, Tanglewood, the Hudson Valley, Taconic State Park, the Harlem Valley Rail trail as well as everything you would expect from the best of country living.
The motel was purchased for $325,000 in 2001. Over $500k has been invested into upkeep and updates. Appraised value (as is) is currently at or about $500k. The best and highest use justifies a price over $600k. There should be an agreement to a price somewhere within that range.
There are 9 guests rooms, a lobby, pool and living quarters. One of the 9 units is a small studio apartment. There is room to expand. The motel is in very good condition. Revenues are about $100k. Rates are low for the area, and with the proper advertising and marketing plan – it is not unreasonable to assume a 40% potential increase.
With the right upgrades and enhancements, the lodge could be transformed into a serious business with a strong earnings potential.