Muroff Hospitality Group is proud to exclusively offer for sale the Best Western of Lake George. This 87-room interior corridor hotel is ideally situated in the Adirondacks, minutes from the shores of Lake George and historic Fort William Henry. Currently, the hotel is operated by a third-party management company that has imposed excessive costs, high payroll, and inflated management fees, without prioritizing Net Operating Income (NOI). These factors — not the market or the asset — are why the hotel is not more profitable. A hands-on owner/operator could significantly reduce operating costs and improve margins. Under proper management, this hotel should achieve an NOI in the range of 25%–35% of gross revenue, which equates to approximately $450,000–$600,000 annually. Offering convenient access to top regional attractions, including Six Flags Great Escape and Million Dollar Beach, the property provides a turnkey investment opportunity in one of New York’s most popular year-round destinations. The Best Western of Lake George features both indoor and outdoor pools, providing year-round enjoyment for guests of all ages. Whether relaxing after a day of Adirondack adventures or entertaining the family, these well-maintained amenities enhance the guest experience and support the property’s strong occupancy across all seasons.
Mitchell B Muroff, Esq.
Muroff Hospitality Group
