Governor's Inn
Ludlow, VT
Offered for sale at $1,490,000
Turnkey Village Inn and Restaurant only steps to Okemo Mountain Ski Resort comes fully furnished.
Own a piece of Vermont’s hospitality heritage in the heart of Ludlow, Vt. Just steps from Okemo Mountain and village shops and dinning, 86 Main St. (Governor’s Inn) blends historic charm, modern amenities, and fully furnished, income-producing potential, all in one of Vermont’s most desirable ski towns.
The Governor’s Inn was built by Governor William Stickney in 1890. Entering the inn you will be awed by the woodwork, staircase and the fireplaces in the foyer and parlor. Over the past few years, the inn has seen many updates, including a full sprinkler system, fire alarm system, boiler, water heater, heat pumps for all the rooms and dining area, commercial dishwasher, driers and freezer as well as a new compressor and air handler for the walk in cooler.
This fully operational boutique inn features 9 guest rooms, each with en-suite bathrooms, spread across three tastefully appointed floors. A separate 2 bedroom, 2 bathroom owner’s apartment provides private and flexibility for live-in management, short or long term rental or additional guest space.
On the main level, a former wine bar and restaurant space is ready to relaunch with full commercial kitchen equipment, fixtures, furnishings, included in the sale. Whether you envision a bistro, apres-ski lounge, or morning cafe, the bones are in place, just turn the key and bring your concept to life.
The proximity of the Governor’s Inn to local attractions, such as the Okemo's winter and summer activities, Friday night concerts, farmers market, buttermilk falls, lakes region, hiking trail, cheese factories and Black River sees year round business with skiers, hikers, bicyclists, boaters and fishing. The inn is also part of the collaboration between four inns that offers a walking experience to guests between the months of May and October.
Highlights include
Prime walkable Ludlow location with high foot traffic and visibility
Fully furnished and equipped-all FF&E included
Strong historical rental income with upside potential
Fireplaces, original woodwork, updated mechanical systems
Steps to restaurants, shops and the Okemo ski shuttle
Flexible village center zoning allows for a range of commercial or residential uses
Whether you’re an investor, chef-owned, or someone dreaming of running a small-town inn, 86 Main St. offers rare charm and a ready to go setup, all in a town where opportunities like this don’t come often!
Property Details- 9 Guest Rooms
- 9 Guest Room Baths
- Has Owner's Quarters
- Built in 1890
- Last Renovated in 2024
- Building is 6,069 SQFT
- Lot is 0.44 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $1,490,000
- Occupancy Rate: 35% by choice
- Average Daily Rate: 330.
- Annual revenue is $365,845
- Terms: All furnishing and supplies will transfer with the inn less personal items, all furnishings and personal items of the owners quarters will remain with the sellers
To view financials a non-disclosure
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