Former Friar Tuck Inn, Catskill, Greene County NY

Former Friar Truck Inn Real Estate Auction
Online Only Auction: Ending June 18 at 1:01PM
Bidding opens: Monday June 17 at 10AM

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)

Showing: By appointment only, contact agent Philip Gableman 845-635-3169 .This auction is held in conjunction with Michael Fortna of Fortna Auctioneers & Marketing Group.

Register for Auction, A DocuSign link will be sent via email to complete on 6/7. PLEASE NOTE: Your online account will state "Not Approved" until we "Approve" you for bidding Monday at 10AM when the auction opens.

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Former Friar Truck Inn Real Estate Auction
Online Only Auction: Ending June 18 at 1:01PM
Bidding opens: Monday June 17 at 10AM

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)

Showing: By appointment only, contact agent Philip Gableman 845-635-3169 .This auction is held in conjunction with Michael Fortna of Fortna Auctioneers & Marketing Group.

Internet Bidding Packet

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#1 – 4858 & 4864 Route 32 (29.60+/- acres), Mountain Turnpike Rd (60.16+/- acres) and Paul Saxe Rd (80.70...

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Closes On: Jun 18, 2024
01:01:00 PM – 01:05:00 PM EST

Starting Bid:
$1,000,000.00

Auction Type: One Lot
Quantity: 1

Minimum Next Bid: $1,000,000.00

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#1 – 4858 & 4864 Route 32 (29.60+/- acres), Mountain Turnpike Rd (60.16+/- acres) and Paul Saxe Rd (80.70+/- acres)

Closes: Jun 18, 2024

01:01:00 PM EST

Starting Bid: $1,000,000.00

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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 parce. 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

Lot Size: 170.46+/-

School District: Catskill CSD

County: Greene

Deed type: Bargain and Sale

Contact Agent with Questions: Phil Gableman 845-635-3169

Showing: Contact Agent for showing

It's Easy to Bid!
1) Become a Member, getting a Username & Password at AARauctions.com
2) Register for the Online Only Auction
3) Complete Internet Bidding Packet via DocuSign link and you can participate.

ANNOTATED TERMS OF AUCTION: We have been contracted to sell this property at Public Auction. All bidders must register to participate and provide $50000 funds to bid. Bank check or credit card authorization ok. See online bidder packet for complete details, auction terms, sample contract of sale and all auction information. You will need to 1) create a unique account on our site with a username and password, and 2) register for this auction. A DocuSign link will be sent to you after you complete both steps – no exceptions, and you can participate. PLEASE NOTE: Your online account will state "Not Approved" until we "Approve" you for bidding Tuesday at 10AM when the auction opens.10% Buyer’s Premium applies. High-bidder will sign a no-contingencies, ‘time is of the essence’ Contract for Purchase and Sale of New York Real Estate immediately upon being declared the highest bidder, and return by 4PM day after auction. Closing on or before 7/18/2024. Prospective bidders must conduct their own due diligence prior to bidding and rely on their own discovery. Deposit will be refunded to unsuccessful bidders.

Title & Liens: Property is sold with title of record, free and clear of adverse liens or encumbrances at closing.

Bidding Notes: The silent auction website has a “dynamic ending” feature; if someone “sniper bids” on a lot at the scheduled end of the auction, the system will extend the bidding clock two minutes to give everyone time to bid again.
PRE-AUCTION OFFERS ACCEPTED! Contact Agent for details.