Delightful Cooperstown B&B

Cooperstown, New York
www.innpartners.com/cooperstown-ny-bb/
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Property Type
Bed & Breakfast / Inn
Guest Rooms
11
Baths
11
Restaurant
No
Owners Quarters
Yes
Asking Price
$2,699,000

Occupancy Rate
59%
Average Daily Rate
$255
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

Landmark Inn in Cooperstown, New York, is, flat out, the best opportunity we have in our repertoire. In the last year, sales have been $640,000 with an ADR of $251 and Occupancy rate of 62%. This results in cash flow of over $200,000. The inn was considered a bargain at $2,950,000. However, it has been further reduced to $2,699,000. In addition, facilities have benefited from enormous investment since the current owners took over, including the recent addition Cooperstown’s most luxurious accommodation. A spa suite, with king bed, gas fireplace, dream shower with body jets, and personal sauna!