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Mallozzi's Belvedere Hotel For Sale
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JoAnn
April 27, 2008, 6:44pm Report to Moderator
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Hotel & Motel For Sale
Rotterdam, NY
New York

Mallozzi's Belvedere Hotel
1926 Curry Road
Rotterdam, New York 12306
County: Schenectady;

Mallozzi's Belvedere Hotel

     
  For Sale     Active  
Type:     Hotel & Motel
Economy/Limited Service
No. Rooms:     31
Building Size:     20,000 SF
Price:     $2,750,000
Price/Room:     $88,709.68
Year Built:     2002
Date Last Verified:     4/4/2008
Property ID:     15133400
     

Additional Information

Property Description:
Spacious well appointed rooms, a boutique style property. Ideal for hotel-condo conversion, assisted living, special needs facility, handicap access. Fully furnished with high quality furniture.Twenty -nine rooms and two suites plus parking! Financials inquires require confidentiality aggrement and letter from Lender. Pilot program-metro plex.

Location Description:
Located at the intersection of Curry Road and Altamont Ave. From Exit 25 of the NYS Thruway, first exit off 890 Exit 9 to Curry Road 1.8 mile to Hotel. CLOSE TO INDUSTRIAL PARK,GIANT PRICE CHOPPER WAREHOUSEAND MANY OTHER LARGE CORP. FACILITIES. ALSO RECEIVES PATRONS FROM SARATOGA RACE TRACK.

Property Types:     Economy/Limited Service
Full Service     No. Stories:     2


Highlights


•     MINT CONDITION     •     HAS ALL THE EXTRAS

•     GREAT LOCATION     •     NEXT TO A CONFERENCE AND BANQUET CENTER

•     ROOM TO EXSPAND (POSSIBLE 3 FLOOR)     •     2 HANDICAP ROOMS
  Financial Summary       
No Cash Flow Information Provided
     
  Room Mix Information
deluxe rooms
No. Rooms: 29

suites
No. Rooms: 2

     
  Debt & Equity Information
No Debt & Equity Information Provided

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MobileTerminal
April 27, 2008, 8:16pm Report to Moderator
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Quoted Text
Pilot program-metro plex.
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JoAnn
April 27, 2008, 8:19pm Report to Moderator
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I was waiting to see who would pick up on that.
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senders
April 27, 2008, 8:26pm Report to Moderator
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Quoted Text
assisted living, special needs facility, handicap access.


here come the boomers,,,here come the boomers,,,,here come the boomers.........and what was going at the curry road shopping plaza????


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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biaggio
April 28, 2008, 3:57am Report to Moderator
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been on the market for a while.....NO BITES...
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Shadow
April 28, 2008, 6:36am Report to Moderator
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Another Metroplex success story.
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Possum
April 28, 2008, 7:57am Report to Moderator
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I wonder if it is still operating.  We had all our out-of-town guests for our wedding stay there two years ago (reception was at Mollozzi's across the parking lot).  It was very nice on the inside and all our guests had nothing but good things to say about it.
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bumblethru
April 28, 2008, 10:34am Report to Moderator
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The Belvedere is clearly a class act. But what I don't understand is why whoever new that bought it would be entitled to the PILOT Program. Does that mean when anyone buys and existing business they are entitled to these tax breaks?


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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MobileTerminal
April 28, 2008, 1:18pm Report to Moderator
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Quoted from bumblethru
The Belvedere is clearly a class act. But what I don't understand is why whoever new that bought it would be entitled to the PILOT Program. Does that mean when anyone buys and existing business they are entitled to these tax breaks?


Maybe only if your last name is Mallozzi  does the new buyer get those privledges.  I've been told that Mallozzi's are bullies and used to getting their way - and will steamroll anyone who gets in their way.
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