Hotel at Grand Lake | 1667 Exeter Rd
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Hotel at Grand Lake 1667 Exeter Rd
80 Room Hotel Lebanon, CT 06249 $6,500,000 ($81,250/Room)
INVESTMENT HIGHLIGHTS
- Historic 55 room hotel.
- In ground pool.
EXECUTIVE SUMMARY
Welcome to the Historic Spa at Grand Lake, now known as The Hotel at Grand Lake! Nestled on 71 pristine acres overlooking Lake Williams, this seven building resort property offers an amazing opportunity for a new owner with current rental income in place. The hotel currently offers 55 rooms for guests, with an additional 30 rooms awaiting remodel. This property would make a great conversion to a multifamily project with many amenities. A short walk thru the woods brings you to Brewster Pond, allowing visitors easy access to fishing, kayaking, and paddle boarding. The grounds include an indoor and outdoor pool, large banquet hall, full-sized restaurant-capacity kitchen, and beautiful views of the lake. Also there is an additional restaurant and bakery building. Also included is a 2,700 sq ft contemporary single story 3-bedroom home with open concept layout and a full floor-to-ceiling brick fireplace in great room. The single family home includes a 3-car detached garage. Rooms are currently rented on a weekly basis with approx. 35 of the 55 rooms rented. Gross income currently $40,000 per month for the 35 rooms rented.
Restaurant was renovated in 2024. Buildings were also updated with a brand new heating system.
Restaurant was renovated in 2024. Buildings were also updated with a brand new heating system.
PROPERTY FACTS
| Price | $6,500,000 | Building Size | 14,537 SF |
| Price Per Room | $81,250 | No. Rooms | 80 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1991 |
| Property Subtype | Hotel | Parking Ratio | 0.48/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 71.00 AC |
| Price | $6,500,000 |
| Price Per Room | $81,250 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 71.00 AC |
| Building Size | 14,537 SF |
| No. Rooms | 80 |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 0.48/1,000 SF |
| Corridor | Interior |
AMENITIES
- Restaurant
- Spa
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 80 | $290.00 | - |
PROPERTY TAXES
| Parcel Number | LEBA-000242-000000-000006 | Improvements Assessment | $356,780 |
| Land Assessment | $279,060 | Total Assessment | $635,840 |
PROPERTY TAXES
Parcel Number
LEBA-000242-000000-000006
Land Assessment
$279,060
Improvements Assessment
$356,780
Total Assessment
$635,840
ZONING
| Zoning Code | RAR (Rural Agricultural Residence) |
| RAR (Rural Agricultural Residence) |
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Hotel at Grand Lake | 1667 Exeter Rd
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