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Grand View Motel & Cottages 291 Endicott St N

22 Room Hotel Laconia, NH 03246 $4,475,000 ($203,409/Room)

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Investment Highlights

Fantastic view of Lake Winnipesaukee and the Mount Washington Cruise Ship sailing to and from the port of Weirs Beach.
This property maintains repeat customers from Memorial Day to Columbus Day.

All cottages and motel units are either new, completely new, replaced new, or upgraded new, showing this property as a true turnkey operation.

Executive Summary

The Grand View Resort continues to provide peace and quiet with sensational vistas of Lake Winnipesaukee, along with beautiful mountains in the background. A peaceful pastoral oasis in the middle of the Lakes Region, sharing the fantastic view of Lake Winnipesaukee and the Mountashinton Cruise Ship sailing to and from the port of Weirs Beach. Enjoy the stunning mountain top vistas of the Ossipee, Sandwich, and Belknap Mountains out across Lake Winnipesaukee's islands and the White Mountains beyond. The property offers 10 cottages, 12 motel units, owner's quarters, and hired help quarters. All cottages and motel units are either new, completely new, replaced new, or upgraded new, showing this property as a true turnkey operation. This property maintains repeat customers from Memorial Day to Columbus Day. Also, the pastoral grounds offer you the opportunity to enjoy the company of family and friends, from the oversized granite pool with partial or the multiple fire pit viewing areas to enjoying quiet time on the wraparound porch to enjoy the Alpen Glow along with your favorite beverage. The current owners continue the legacy to provide the traditional historic accommodations that would rival any and all historic innkeepers past and present. All of this and so much more, located in the heart of the Lakes Region, only minutes to Gunstock Ski Resort, Bank of New Hampshire Meadowbrook Concert Pavillion, Weirs Beach, shopping malls, and many assorted restaurants.

291 Endicott Street North Listing Packet Reduced Size

Property Facts

Price	$4,475,000	Building Size	7,798 SF
Price Per Room	$203,409	No. Rooms	22
Sale Type	Investment	No. Stories	3
Property Type	Hospitality	Year Built	1972
Property Subtype	Hotel	Parking Ratio	4/1,000 SF
Building Class	B	Corridor	Exterior
Lot Size	3.00 AC

Price	$4,475,000
Price Per Room	$203,409
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	3.00 AC
Building Size	7,798 SF
No. Rooms	22
No. Stories	3
Year Built	1972
Parking Ratio	4/1,000 SF
Corridor	Exterior