85 Room Inn Located in the Heart of Waterville Valley

Hospitality for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30360702
Property Subtypes: Convention Center, Hotel, Inn, Resort, Ski & Sun
Number of Units: 85 Units
Building Size (RSF): 52,886 SF
Gross Building Area: See Agent
Gross Land Area: 1.35 Acres
Sale Price: $1,900,000
Unit Price: $22,352.94 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Snowy Owl Inn
Name of Establishment: Snowy Owl Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

Price Reduced! Take advantage of this rare opportunity to invest in the ever growing Waterville Valley adjacent to the Town Square Village. The Snowy Owl Inn is considered one of New England's finest country inns. Set in the heart of Waterville Valley and the White Mountain National Forest, the all-season 85 room Inn offers a relaxing vacation and a great family getaway. Make that lifestyle change you’ve been seeking! This prime location is the driving force behind the consistently profitable business.
A 3-story fieldstone fireplace welcomes guests into the main lobby of the building. With 15 distinctive room types, ranging from hotel style to lofts to rooms with complete kitchens, there is a room for everyone. The Snow Owl has common seating areas throughout the floors where you will find people curled up with a good book, a family playing games or cozying up to the warm fire after a long day of skiing.
A substantial renovation occurred in 2010 resulting in 25 guest rooms upgraded, lobby improvements and a 3,000 SF outdoor patio was added. The potential for growth and profit could be significant by re-opening the restaurant and tavern as a regular dining venue and/or establishing a relationship with Waterville Valley Ski Resort that offers year around activities. Imagine the possibilities, with this already successful establishment, in the hands of a new owner to help seek its full potential!

Additional Details

Nearest MSA: Claremont-Lebanon
County: Grafton
Taxing Authority: Waterville Valley
Tax ID/APN: 000105/004000
Zoning: COMMERCIAL 1
Retail Clientele: General, Family, Traveler, Tourist, Recreation, Convention
Property Located Between: Route 49/Valley Road to Village Road
Property Visibility: Excellent
Largest Nearby Street: Route 49/Valley Road
Feet of Frontage: 285
Highway Access: 14 Miles to I-93 Exit 28 Campton/Waterville Valley
Site Description: Lodge style inn, octagon pool, well landscaped, patio, stone fireplaces
Area Description: Town Square Village, a local shopping and dining area, is located adjacent to the Inn. In the square around the holiday time you will find Santa arriving by sled dogs, a brass band, ice skating and fireworks at night. It’s truly a destination location in the White Mountains. There's plenty to do in the Valley, and the Snowy Owl Inn is the center for everything. Take pleasure in hiking, biking, or cross-country skiing the 70+ kilometers of marked trails that start in Waterville Valley, playing a round of golf, or skiing/snowboarding our legendary mountain in winter. Directly outside the Snowy Owl is a free shuttle bus that provides transportation for guests to and from the Waterville Valley Ski Resort during ski season.
Nearby Attractions: Attitash Cannon Mountain Aerial Tram Castle in the Clouds Clark’s Trading Post Cog Railway Franconia Notch State Park Hobo Railroad Mt. Washington Auto Road Tanger Outlet Centers Polar Caves Park Santa’s Village Story Land Whale’s Tale Water Park
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average
Year Built: 1971
Year Renovated: 2010
Roof Type: Gable
Construction/Siding: Wood Siding
Water Recreation: Indoor Pool, Sauna
Exterior Description: Large patio, porches, walking trails
Total Parking Spaces: 100
Parking Type: Surface
Parking Description: Gravel Lot Shared
Passenger Elevators: 1
Sprinklers: Wet
Laundry: Shared
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Lodge style with stone fireplaces on each level, wood paneling, large windows
Zoning Description: Commercial 1
Lot Frontage: 285
Lot Depth: 189
Water Service: Municipal
Sewer Type: Municipal

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Contact

Photograph of Listing Agent

Steve Weeks,Jr.

Weeks Commercial NECPE Member
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