State College Pennsylvania Area Inn for sale
Offered for sale at $1,995,000
The “boutique” terminology is used so liberally in the independent hospitality segment these days that it can be difficult to understand what truly constitutes a “boutique” property. This special State College Pennsylvania area inn for sale has reminded us of that boutique magic. The charming and capacious guestrooms and common spaces create a luxurious guest experience that blends the modern and upscale amenities of a hotel with the old-world charm and care of the bed and breakfast experience. For this, and many other reasons, we are excited to be offering this very viable Inn with 10 well-appointed accommodations.
An examination of this State College area Inn must begin with the circa 1885 main house which began its life as the home of wealthy businessman, landowner, and banker. The building, designed by a noted architect, blends Gothic, Italianate, and Queen Anne Styles, and is particularly memorable for its stone exterior which uses materials from a quarry just 100 miles from the Inn. Unlike many historic properties, all 10 guestrooms at this State College Pennsylvania area inn for sale are large in size, averaging 400 square feet, with ensuite bathrooms, and most feature high ceilings with original plasterwork and mantles, individual heat/AC controls, and other striking architectural details. Two purpose designed Carriage House suites offer 550 and 750 square feet of guest space, respectively, and add a modern edge with jetted tubs, fireplaces, and other contemporary designs. These suites offer an alternative to the more classic Inn experience offered by the rooms in the main house.
The location of this Pennsylvania Inn for sale offers a combination of positive factors that have led to significant business activity in recent years.
Of particular note is the Inn’s close proximity to Penn State University which creates a strong marketing draw related to entertainment at the Bryce Jordan Center, football games at Beaver Stadium, and an ongoing stream of University-related activities. This stream of guests is proven and promises a strong foundation of business a year in advance. In addition, the Inn is well positioned at the heart of a charming historic town, providing countless activities and attractions that include world class fly fishing, festivals and fairs, award winning wineries and distilleries, and beyond. The diversity of options for guests (and the clear connection to the area from Penn State alumni) creates a positive cycle of repeat business and has led to a near 50% occupancy in fiscal year ending 2022.
This State College Pennsylvania area inn for sale enjoys a very enviable location and a business that is supported by a strong blend of leisure and business travel. For more information contact Eben Viens at 877-957-2360.
- Offered for sale at $1,995,000
- Occupancy Rate: 48%
- Average Daily Rate: $220.42