Investment Opportunity of a Lifetime!
This is an online only auction ending June 18, listing price reflects full market value according to public record. Starting bid $1,000,000. Three separate parcels selling together as one, combined 170.46+/- acres. 4858 & 4864 Route 32 (29.60+/- acres), Mountain Turnpike Rd (60.16+/- acres) and Paul Saxe Rd (80.70+/- acres) Former iconic Catskill resort now up for auction. Hotel built 1970's, motel built 1980's, body shop, and plenty of rural vacant land. Located near Thruway Exit 21, Catskill, this former destination was a retreat for New Yorkers craving the mountain views, streams, and outdoor activities that this location boasts. Investment Highlights Two Hotels; one 400 rooms has been closed for over 5 years, needs total renovation, the other is a 63 Rooms Hotel, large 80.70+/- vacant land parcel. BEAUTIFUL LAKE IN THE MIDDLE The main hotel facilities include approximately 52,000 square feet of exhibition space. Meeting and banquet spaces and parking for eight hundred cars. Theater with a capacity of 2,000 attendees. Two outdoor and two indoor pools. Spa and fitness center. Executive Summary This is a unique opportunity to invest in a hotel, THE FRIAR TUCK INN, located in the heart of the Catskill Mountains a few minutes from the village of Catskill, Woodstock, Hudson and two prominent ski resorts. With more than 400 hotel rooms, the approximately 382,894 square foot hotel is set on 100 sprawling acres which includes a one-acre pond and streams. The property is surrounded by the lush beauty of the Catskill mountains with its rich wildlife and hiking trails, and ski resorts including Hunter Mountain and Windham Mountain. The nearby Hudson River School Art Trail includes the Thomas Cole National Historic Site in Catskill village, plus sites like Kaaterskill Falls and Sunset Rock, which inspired 19th-century landscape painters. Property Facts Sale Type: Investment; No. Stories: 4 Sale Conditions; High Vacancy Property; Year Built: 1970 Property Type: Hospitality; Property Subtype: Hotel; Parking Ratio: 0.67/1,000 SF Building Class: B; Corridor: Interior Lot Size: 170.46+/- acres Amenities: Business Center; Fitness Center; Pool; Restaurant; Spa; Patio; On-Site Bar Destination Resort; Convention Hotel; Barber/Hair Salon/Beauty Shop; Meeting Event Space Hot Tub; Fully-Equipped Kitchen; Multi-Room Suites. Tax Map #: 169.00-4-22, 169.00-4-21 and 169.00-4-7.1
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