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Nine Platt Corp.

Hotels (except Casino Hotels) and Motels · Plattsburgh, NY

Nine Platt Corp. is a business in Plattsburgh, New York, listed under hotels (except casino hotels) and motels, with 50 to 99 staff, as recorded in 2020 to 2021. From 2023 to 2026, similar businesses sold for about $710K to $2.4M.

Public record

Industry
Hotels (except Casino Hotels) and Motels (NAICS 721110, as reported by the business)
Location
Plattsburgh, New York
Staff
50 to 99 people (as reported in 2020 to 2021)
Local rank
#2 of 14 businesses in Plattsburgh listed under hotels (except casino hotels) and motels, by staff size (2020 to 2021)
Registration
Active (as of October 2026)
Formed
March 9, 1956
As of
2020 to 2021. Details may have changed since then.

What businesses like this sell for

Businesses in Accommodation and Food Services with 50 to 99 staff, bought 2023 to 2026. Based on 156 purchases.

Loans used to buy them

$600K to $2.1M

Middle loan about $1.2M

Estimated purchase prices

$710K to $2.4M

Middle price about $1.5M

How we estimate the price: the records show the loan behind each purchase, not the price. Buyers usually borrow about 85% of the price, so we divide the loan by 0.85. The ranges show the middle half of purchases. This is not a valuation of Nine Platt Corp..

Financials of businesses like this

Average revenue

$3.9M

a year

Average payroll

$955K

24% of revenue

Average staff

33.3

people

US averages for hotels (except casino hotels) and motels with 20 to 99 staff, 2022 (9,411 businesses). These are not Nine Platt Corp.'s own figures; its own revenue and profit are what a valuation needs.

Value Nine Platt Corp. on Value Alpha

Buying, selling or advising on Nine Platt Corp.? Add its revenue, profit and owner pay, or upload the statements, and get a valuation range with bear, base and bull cases, built from comparable companies and completed sales in its industry.

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Traveler Accommodation in New York: the sale report

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Questions

How much is a business listed under accommodation and food services worth in New York?
From 2023 to 2026, businesses listed under accommodation and food services with 50 to 99 staff sold for about $710K to $2.4M, with a middle price of about $1.5M, based on 156 purchases. A business's own value depends on its revenue, profit and owner pay.
How current is the information about Nine Platt Corp.?
The industry and staff numbers were reported by the business in 2020 to 2021 and may have changed since then.
How can the owner of Nine Platt Corp. get a valuation?
Claim the business, upload one document that shows its name, and add revenue, profit and owner pay. The valuation can start while the document is reviewed.

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