Amsterdam Castle Hotel Available for Sale
A Unique Opportunity for a Luxury Hotel
AMSTERDAM, N.Y. (NEWS10) — A one-of-a-kind opportunity has arisen in Montgomery County, New York. The majestic Amsterdam Castle hotel is up for sale, with an asking price of 5.6 million dollars. The hotel’s owner, Nigel Ghotbi, is looking for a successor who will preserve the hotel’s quality and class.
A Piece of History
The hotel, built in the 1800s by the same architect as the New York State Capitol Building, is a true gem. Ghotbi, a native of the UK with Greek roots, has spent four years and $4 million to restore the hotel to its former glory. With its unique architecture and historical significance, the hotel is a treasured piece of art.
A Luxury Hotel Fit for Royalty
The hotel’s opulent interior features classic artwork, large modern hotel rooms, and a grand ballroom. The hotel’s grand tour includes the Kennedy Room, which was visited by President John F. Kennedy during his 1960 presidential campaign. The hotel’s rooms are booked solid, with prices ranging from $1 to $600 per night.
Expanding the Hotel
Although the hotel has 27 rooms, Ghotbi envisions expansion to 50 or 60 rooms. He hopes his successor will continue his vision and invest in the property. The hotel’s location in Montgomery County may raise questions about its appeal, but Ghotbi is confident that his hotel’s luxury offerings will attract guests from afar, even exceeding those in New York City.
Seller’s Criteria
Ghotbi is being cautious in his search for a buyer. He is looking for an individual or entity that shares his passion for preserving historical architecture and providing luxury hospitality. With multiple offers on the table, Ghotbi is waiting for the right partner to come along.
FAQs
Q: What is the asking price for the Amsterdam Castle hotel?
A: 5.6 million dollars
Q: Why is Nigel Ghotbi selling the hotel?
A: Ghotbi is approaching retirement age and wants to ensure the hotel’s legacy endures beyond his own lifespan.
Q: What features set the hotel apart from other luxury hotels?
A: The hotel’s unique architecture, history, and quality of service, with prices exceeding those in New York City.
Q: Is the hotel open to expansion and renovation?
A: Yes, Ghotbi is eager to see the hotel expanded to 50 or 60 rooms, but it will require significant investment.
