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The 36 Unit Inn at the Falls, Poughkeepsie, New York
Sells for $2,950,000

May 10, 2002, �Great Neck, NY: Deirdre Murphy, CHB Operating Partner of Wilder Group, LLC a New York based hotel brokerage, today announced that the firm has sold the 36 Unit Inn at the Falls, located in Poughkeepsie, New York for $2,950,000. Wilder Group managing partner Deirdre Murphy, CHB and Kevin Jeffrey, Director of Hotel Sales, handled the transaction. 
 
The Inn at the Falls, was built in 1985 on the former covered wagon site in Red Oak Mill.  The Inn has won many awards over the years including the prestigious Triple A Four-Diamond Award 16 years running, as well as being named one of the top ten hotels by Inn Review. The Inn features, a unique architectural design with a residential flavor, nestled beside a waterfall, and manicured grounds with specimen trees and shrubs. The Inn has been written about in national publications such as Travel and Leisure, Gourmet Country Inns, Bon Appetite as well as local and regional magazines. 

Inn at the Falls
50 Red Oaks Mill Rd
Poughkeepsie, New York

The seller was Arnold Sheer Inc. The buyer is Raj Sai Inc, a regional operator with 14 properties in the Mid Atlantic region. 

Wilder Group, LLC is the New York based member of Hotel Brokers International.

 

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Contact:
Deirdre Murphy, CHB
516 482 2444
[email protected]


 
Also See Concrete to Cash: Real Estate Sale-Leasebacks in the Lodging Sector / Jones Lang LaSalle Hotels / March 2002 


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