Listings
Friends Lake Inn
Chestertown, New York
17 Rooms and a Cabin
Acadia Lodging Brokers and Advisors is pleased to exclusively present the sale of the historic Friends Lake Inn. Very few inns capture the spirit, charm, and romance of the Adirondack region. The Friends Lake Inn is tucked in historic Chestertown,Warren County, New York. The Inn is located by the junction of Route 8 and U.S. Route 9, in the southern region of the Adirondack Mountains.
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The Friends Lake Inn reportedly dates back to the 1860s and is nestled on a private nature oasis (±5.42 acres); an experience for those escaping the crowds of the metro New York area.
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The Inn offers upscale accommodations, onsite dining, banquet space, and unique spa amenities. All the guestrooms have unique spacious layouts with well-appointed guest baths and amenities typical of a boutique inn.
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The Inn includes extensive dining, meeting and catering facilities, which gives it a competitive advantage over its regional competitors and allows the Inn to attract events and weddings.
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Repositioning and marketing opportunities are abundant for new ownership.
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A closed ski shop, known as the Nordic Center, could be redeveloped as additional guestrooms.
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The grounds could be redeveloped with new landscaping and pavilion event space.
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The wedding business is fairly a new line of business for the current owners; fresh marketing efforts could noticeably improve bookings and package rates.
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The Inn is managed with an absentee-owner corporate expense structure, and new hands-on management could realize numerous revenue improvements and expense reductions.
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The Friends Lake Inn has valuable goodwill in the region and is known as a historic Inn for its intimate weddings, outdoor event space and dining.
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The Adirondack region is a well-established destination and long recognized as an attractive market for hospitality real estate investment.
Property Tours: Prospective purchasers are encouraged to visit the Friends Lake Inn prior to submitting offers. However, all property tours must be arranged in advance with Acadia Lodging Brokers and Advisors. Please do not contact on-site management or staff without prior approval.