
Hammondsport, NY Muroff Hospitality Group has completed the sale of Vinehurst Inn & Suites.
The Seller was Vinehurst Retreat LLC and the Tinta family and the buyer was Vinehurst Stays LLC and the Kapoor family. The sales price was $1.2 million.
Mitch Muroff of Muroff Hospitality Group represented the seller and secured the buyer in this exclusive listing.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,