Steve Kolonics Acquires Hotel In Hudson Valley From Paul Veliette For $775,000

The transaction involves the sale of a hotel located at 165 Queechy Lake Dr. in the Hudson Valley market. The property spans 10,785 square feet and was sold for a price of $775,000, resulting in a price per square foot of $72. The sale took place on September 3, 2021. The buyer, Steve Kolonics, acquired the property from the seller, Paul Veliette. The transaction was facilitated by Evan Rugen from Rugen & Sons, who acted as the broker.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $775,000
• Address: 165 Queechy Lake Dr.
• Market: Hudson Valley
• Buyer: Steve Kolonics
• Seller: Paul Veliette
• Broker: Evan Rugen - Rugen & Sons
• Square Footage: 10,785
• Price per Square Foot: $72

This off-market assignment contract deal was facilitated by Evan Rugen from Rugen & Sons. @Boweryboi, who shared the transaction on Instagram, mentioned that they have several other off-market deals in the Hudson Valley area available. Interested parties can contact @Boweryboi directly via direct message on Instagram to be added to their off-market deal list.