The 18-guest room Adirondack Lake Inn is an authentic Adirondack lodge with an acclaimed restaurant and award-winning wine cellar, 1 ½ hours from Albany, New York. The rustic setting and sophisticated food and lodging has attracted guests for decades. Lake activities and other recreation are available on site and the inn is close to popular winter and summer attractions. A strong marketing program coupled with a substantial investment in the facilities have re-made this premier Adirondack resort lodge into a highly successful business. This is an exceptional offering for discerning buyers.
All the guest rooms and bathrooms at the Adirondack Lake Inn have been completely refurbished and brought up to contemporary luxury level. Guest rooms are furnished with superior king or queen beds and feature amenities such as steam showers, spa tubs, double sinks, fireplaces, balconies and private porches. Most have views of the lake. There is a billiards room, a heated pool, a sauna and 18 miles of maintained trails for year-round guest use. Guests can swim and paddle in the pristine, 3-mile long lake.
The Adirondack Lake Inn restaurant is a winner of the prestigious DiRōNA Award of Excellence. Contemporary cuisine is served in three dining rooms and in the inn’s full service pub. Diners come from the Lake George and Saratoga Springs areas and from nearby vacation communities. Wine Spectator conferred a Best of Award of Excellence to the Adirondack Lake Inn for its renowned wine cellar and extensive wine collection. The inn’s retail wine shop is open to guests and the public. Corporate meetings, weddings and other events are a growing part of the business and there is ample room on the lush grounds for outdoor events.
The owner’s renovated 2 ½ story home features four master bedrooms, each with its own bathroom. A classic Adirondack porch overlooks the sparkling lake. The inn’s newest lodging unit is a totally renovated luxury guest cabin. The house and cabin are on a separate lot, included in the sale. There is also a bonus rental apartment above the home’s attached two-car garage.
An additional building on the inn property includes a three-bedroom, two-bathroom apartment, a workshop, garage storage for maintenance equipment, and the inn’s Nordic center.
Adirondack Lake Inn is ideal for buyers seeking an established full service inn with a very strong business. The separate owner’s home and surrounding pristine beauty of the Adirondacks are icing on the cake. Net income has doubled in three years. Priced at a CAP rate of 11.4%, this is an extraordinary offering. You really should learn more!