NewVida Preserve 6394 NY-86

14 Room Hotel Jay, NY 12941 $12,900,000 ($921,429/Room)

INVESTMENT HIGHLIGHTS

  • 1185 acres on Bassett Mountain
  • Conservation development opportunity
  • Pool, modern commercial gym, conference and office space
  • 25,000 SF Lodge with expansion potential
  • Established restaurant, event space, bistro, and craft bar with views of Whiteface Mountain
  • Revenue projections and expansion information available on request

EXECUTIVE SUMMARY

Located on Bassett Mountain in the heart of the Adirondacks, NewVida Preserve offers an extraordinary place to gather, celebrate, and explore. Currently boasting a 25,000 SF base lodge, 35 miles of trails, and a thriving restaurant, bistro, and bar, NewVida is well positioned to benefit from expansion. With multiple revenue streams, growing regional lodging demand, and tax and grant incentives, there are many possibilities for hospitality based conservation development. Expansion strategy, 3 year projections, and other additional info available on request.

PROPERTY FACTS

Price $12,900,000
Price Per Room $921,429
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1,000.00 AC
Building Size 21,284 SF
No. Rooms 14
No. Stories 2
Year Built/Renovated 1989/2023
Parking Ratio 1.32/1,000 SF
Corridor Interior

AMENITIES

  • Balcony
  • Fitness Center
  • Restaurant
  • High Speed Internet Access
  • Patio
  • Indoor Pool
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 3 $922.00 -
Guest Room 11 $535.00 -

ZONING

Zoning Code 01 - NOT Z (Flexible zoning in Jay, NY allows for multiple uses.)
  • Listing ID: 33056843

  • Date on Market: 9/4/2024

  • Last Updated:

  • Address: 6394 NY-86, Jay, NY 12941