Tilton, NH Offered for sale at $2,250,000
Presenting an excellent opportunity to purchase a completely renovated 30-unit motel in the Lakes Region of New Hampshire. Located on a very high traffic location with water views and lake access, the motel is close to the wide variety of four-season activities that are found in the vibrant Lakes Region. There are multiple room types from king suites to micro rooms to accommodate a wide range of guests. Over the past year, well over $200,000 has been invested in renovation costs with other upgrade projects still being completed. Like all hospitality businesses, sales in 2020 were impacted by travel restrictions and shutdowns. Sales for 2021 are picking up and the marketing efforts are showing results, as people are making reservations for winter ski weekends and planned summer and fall vacations. The business and real estate, including $150,000 worth of furniture, fixtures and equipment, good will, management systems and software, $7,500 to $10,000 worth of inventory and supplies are offered at $2,250,000 allocated at $2,100,000 toward the value of the real estate and $150,000 toward the value of the business and its assets.