Courtesy Muroff Daigle Hospitality Group
The Landmark Motor Inn, 1418 Saratoga Road in South Glens Falls, has sold for $3.67 million, according to the Muroff Daigle Hospitality Group, which brokered the transaction with Vanguard-Fine.
The seller was John Naja of Landmark Motor Lodge Corp. and the buyer was Nadeem Lodging Corp., which previously owned the Red Roof Inn in Albany.
The landmark Motor Inn was owned by the Naja family for more than 43 years, according to the Muroff Daigle Hospitality Group.
The inn has 77 updated guest rooms, indoor and outdoor swimming pools and a fitness facility.
Glens Falls National Bank provided the financing, along with the U.S. Small Business Association.
The business deal closed March 16.