Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key Facts

Tenure Type Freehold
Building Area
Land Area ()
Number of units 96

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, is pleased to offer, on an exclusive basis, the fee simple interest in the 96-room Yankee Inn (the “Hotel” or “Property”) situated in Lenox, Massachusetts. The Hotel sits on 19 acres of land in the heart of Massachusetts’ Berkshires region. The Property, comprised of a Main Lodge, a South Lodge, a rentable 19th century farmhouse, a two-story barn, a 30-foot storage shed, and excess land; features a wide array of amenities including a breakfast room, a cocktail lounge/bar, an indoor pool, an outdoor pool, a fitness center, two meeting rooms, and plenty of outdoor space for lawn and court-sport activities in the front and rear of the Hotel with views of the local pond and some of the oldest mountain ranges in the world.


Nestled in the Berkshires – New England’s quintessential getaway destination – the Hotel is surrounded by scenic natural beauty and popular tourist attractions. The region is renowned for its breathtaking views, farm-to-table restaurants, fall foliage, and year-round outdoor activities ranging from hiking, golfing, and kayaking in the summer months; to cross-country and downhill skiing at Butternut Basin, Jiminy Peak, Bousquet and Catamount resorts in the winter season. The area is home to some of the most celebrated cultural institutions in the region including MASS MoCA – one of the largest contemporary visual and preforming arts venues in the United States, Tanglewood Music Center – home to the Boston Symphony Orchestra in the summer, Norman Rockwell Museum, Edith Wharton’s The Mount, and Berkshire Botanical Gardens amongst others. Additionally, the market benefits from a central geographic location drawing visitors from NYC (120 miles south), Boston (110 miles east) and Providence (100 miles east).

Investment Highlights

The Yankee Inn offers investors a rare opportunity to acquire an independent Hotel with tremendous value-add potential. A new owner will have the opportunity to renovate the Hotel and reposition it as a stylish boutique product, enhance the food and beverage operations (currently limited), increase revenue by renting out additional units, build out a nature/outdoor experience either privately or in partnership with the local land trust, and develop or lease out some of the excess land (approximately 12 acres). The Property is being offered unencumbered by brand and management.

Last Updated Date: 29 Apr 2021
Alan Suzuki
Alan Suzuki
Managing Director, Capital Markets
Matthew Enright
Matthew Enright
Director, Capital Markets
License details
9562307

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Last Updated Date: 29 Apr 2021

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