217 Main Street, Saugerties
Boutique style Hotel with restaurant is located in Village of Saugerties just off NYS Thruway Exit 20 and about 100 miles from NYC. Property offers 17 hotel rooms, 1 two bedroom apartment, 1 store-front rental ($950 a month) and a thriving restaurant and bar business. Three of the hotel rooms are renovated, one with a full bath in the room, the other two renovated rooms have shared baths in the hall, the other 14 rooms need renovation and are not in rentable condition. Restaurant and bar is owner operated, the business is included in the sale. Saugerties is know for its thriving Horse Shows in the Summer season, know as HITS (HITS-on-the-Hudson) it is a nationwide company with world-class hunter/jumper circuits in 5 states. The Village is flooded with with out of town guests during the Summer and early Fall participating and watching the events. The hotel has tremendous growth potential, the 14 remaining rooms need renovation but well worth the investment, there is only one other hotel in the Village and lodging is very hard to find.
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