Hospitality Business With It All For Sale

Business description

This hospitality offering has it all and is located in one of the best tourist destinations in New England. The operation includes 26 lodging rooms and suites, a detached cottage, spacious owner's apartment, full service food and beverage (including fine dining, tavern, and self service breakfast room), pool, playground, and game room. The operation consists of two privately branded operations. One is a stunning Victorian Country Inn that was built as an inn in the early1800's and today offers 9 well appointed suites, fine dining restaurant and cozy tavern. The second operation is an adjacent hotel/motel with 17 interior corridor rooms with a outdoor pool, playground, game room, and self-service breakfast room.The two operations allow you to appeal to a wide array of liesure travelers including couples, families, and small groups. This business is located on a well travelled State highway in a 4-season tourist destination area. Many summer attractions are nearby as well as several major ski areas nearby.

This offering provides a great opportunity for a new owner. The current business model and performance could be immediately improved with an owner who has food and beverage skills or by leasing out the restaurant operation. The owners are retiring and this is your opportunity to acquire this business for less than the assessed value of the real estate.

Property information

Real Estate:

Real Property Included

Living accommodation:

Exceptional owners quarters.

Location:

White Mountains Region of New Hampshire, in the Mount Washington valley. Busy 4-season resort area close to alpine/cross country skiing, snow machining, hiking the Appilation trail and more. Long established popular destination for major cities across the eastern seabord and beyond.

Premises details:

17 room interior corridor limited service hotel with outdoor pool, game room, playground and breakfast room on 3.1 acres. 9 room inn with full restaurant and tavern on 8.3 acres. Ample parking. Great street appeal for both properties. Excess land for potential additional development.

Other information

Expansion potential:

The current business model and performance could be immediately improved with an owner who has food and beverage skills or by leasing out the restaurant operation. The owners are retiring and this is your opportunity to acquire this business for less than the assessed value of the real estate.

Competition / Market:

The area has a well developed tourism market across all seasons. Area family attractions, skiing, shopping, fall foliage, and a wide array of outdoor activities attract millions of visitors to this region across all seasons. Local marketing organizations support the continued flow of new visitors and events that drive business. The recent downturn in the economy has altered some consumers travel choices but visitation remains strong. This operation can appeal to a wide array of traveler's needs and has a competitive advantage to appeal to both budget travelers and special event leisure travelers. This operation compares favorably to area competition but still has opportunity to grow ADR and occupancy.

Support & training:

Reasonable transitional services to be offered.

Reasons for selling:

Retirement

Furniture / Fixtures value:

$100,000 (included in the asking price)