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Market Snapshot
Inn Market Snapshot
As of Sep 02, 2010
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 4,800 sqft
Median lot size is 1.21 acres
Median year built is 1906
Average number of guest rooms is 7.87
Average number of guest bathrooms is 6.99
73% have a private bathroom for each guestroom
94% have owner's quarters
PRICING
Inn for sale price distribution:
Average price is $1,060,092
Median price is $759,500
Average price per square foot is $170
The 5 most expensive states (on average)
NY
- 14 listings. Avg of $2.6M (from $499K to $24.9M)
AZ
- 6 listings. Avg of $1.9M (from $650K to $2.9M)
NJ
- 3 listings. Avg of $1.7M (from $1.1M to $2.5M)
HI
- 3 listings. Avg of $1.6M (from $1.2M to $2.0M)
MD
- 5 listings. Avg of $1.6M (from $525K to $3.5M)
The 5 least expensive states (on average)
KS
- 2 listings. Avg of $299K (from $299K to $300K)
LA
- 2 listings. Avg of $405K (from $315K to $495K)
IA
- 2 listings. Avg of $422K (from $150K to $695K)
IN
- 7 listings. Avg of $458K (from $300K to $750K)
WY
- 2 listings. Avg of $504K (from $325K to $682K)
The 5 most expensive listings
Village Latch Inn Hotel
- $24.9M
Hotel in Potrero Bay
- $9.5M
Boutique Hotel with Wedding & Meeting Facilities
- $5.0M
West Beaver Creek Lodge
- $4.5M
Maple Hall
- $3.5M
The 5 least expensive listings
The English Inn B&B
- $30K
Church Street Manor
- $149K
The Inn of the Six-Toed Cat
- $150K
Lexington B&B
- $175K
Clarksville Inn
- $179K
DATA COVERAGE
381 properties for sale, covering:
45 states
332 cities
318 owners/agents
States with the most inn listings: