Upstate NY upscale, sprawling residential real estate for small group/event rental.
Before (and increasingly since the start of) Covid, Uostate NY has become a an obvious destination for affluent families and business people from NYC and other metropolitan areas for both personal and business purposes. This property will rent for $8000/week off the bat, expected to go to $11K/week as we hit 75% occupancy. Micro events will pay $2500-7500/day (using local event comps).
The two women in BAWE are well-networked in Central NY— experienced in short-term rental management, marketing, hospitality, and well connected in the up and coming Finger Lakes wine scene and with corporate and private event planners. Christine founded Tasting the FLX, a regional food & beverage promotion ans regional tourism business. She has a regional network and database of dozens of food and beverage businesses and venues for promotion of this property. Ksenia is a professional portrait photographer who specializes in destination photo shoots. (Her rate is $10K to start. The property would be one destination for these.)
The plan is to layer in value-added services such as an on-site private chef (under catering license), as well as curated food and beverage outings.
This is an incredibly well-situated property to take advantage of all that the area has to offer, with little comparable competition in the local/regional market. Property is turn key.
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