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As of Feb 04, 2012

This snapshot is designed to help innkeepers and aspiring innkeepers understand the inn for sale marketplace in broad terms. It is based on all available data from innshopper.com - data entered directly from inn owners and brokers.

PROPERTY METRICS
 
Median building size is 5,000 sqft
Chart - distribution of lot size
 
 
Median lot size is 1.20 acres
Chart - distribution of lot size
 
Median year built is 1907
Chart - distribution of when properties were built
 
  • Average number of guest rooms is 7.64
  • Average number of guest bathrooms is 6.89
  • 72% have a private bathroom for each guestroom
  • 95% have owner's quarters

PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
 
  • Average price is $1,031,526
  • Median price is $699,000
  • Average price per square foot is $167
The 5 most expensive states (on average)
  1. PR - 3 listings. Avg of $2.5M (from $509K to $5.5M)
  2. NJ - 4 listings. Avg of $2.2M (from $1.1M to $3.8M)
  3. NY - 28 listings. Avg of $1.7M (from $280K to $24.9M)
  4. AZ - 6 listings. Avg of $1.7M (from $695K to $2.9M)
  5. MA - 12 listings. Avg of $1.6M (from $625K to $4.9M)
The 5 least expensive states (on average)
  1. NS - 1 listing at $295K
  2. MN - 2 listings. Avg of $347K (from $175K to $519K)
  3. KS - 3 listings. Avg of $365K (from $299K to $495K)
  4. WY - 2 listings. Avg of $504K (from $325K to $682K)
  5. MS - 4 listings. Avg of $557K (from $225K to $878K)
The 5 most expensive listings
  1. Village Latch Inn Hotel - $24.9M
  2. Hotel in Potrero Bay - $9.5M
  3. Hamilton House Estate Bed and Breakfast - $7.0M
  4. Borinquen Beach Inn - $5.5M
  5. Boutique Hotel with Wedding & Meeting Facilities - $5.0M
The 5 least expensive listings
  1. The English Inn B&B - $30K
  2. A Memorable Experience - $55K
  3. Church Street Manor - $149K
  4. Historic Parker House Bed & Breakfast - $150K
  5. Lexington B&B - $175K

DATA COVERAGE
474 properties for sale, covering:
  • 46 states
  • 410 cities
  • 414 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings