Mid priced Resort Hotel in Exclusive Market For Sale

Franchise terms

Very solid opportunity to rebrand facility into national flag and at the same time block franchise competitors with a virtually impossible barrier to entry elsewhere in the marketplace.

Business description

A very unique opportunity to acquire an operating hotel/resort facility and to refocus its operation to meet the needs of the mid-price market demand in an area dominated by facilities catering to the very high end customer. Sighted on 14 acres on the prime entry highway, the facility has 72-interior rooms with lounge, restaurant, indoor and outdoor pools and other ammenities. The facility is just completing a renovation of its older wing and its public areas.This is planned to deliver a AAA-3 Diamond rating to the new owner at a time when seller has also effected an asking price reduction. The opportunity also exists for construction of 26 additional rooms or 15 condo units that already meet zoning and density requirements. This elite upscale New England four-season resort marketplace has seen significant demographic changes in recent years with many more to come in an ongoing $400 million expansion/development.. This is a unique opportunity for hospitality professionals and investors (especially with 1031 benefit options)to generate significant future profits from utilization of this property, that will be sold for significantly less than its $15 million replacement value. Request more information by clicking the CONTACT SELLER button and follow the online process.

Property information

Real Estate:

Real Property Included

Location:

Gateway to marketplace directly on Vermont's busiest resort highway

Other information

Expansion potential:

Expansion of 26 superior rooms or 15 condos are within zoning regulations as well as larger publuc area footprint if desired.

Competition / Market:

Older hotels in porice range are being sold off for condo development, creating more mid-range price sales and occupancy opportunity for this facility.

Reasons for selling:

retirement, no family succession

Financing available:

Seller will offer qualified buyer very attractive first position financing to expedite brand conversion and growth strategies.

Contact the seller