Chipman Inn


Ripton, VT   Offered for sale at $1,100,000
 

Nestled in the picturesque town of Ripton, Vermont, in Addison County just 15 minutes from Middlebury College, the Chipman Inn stands as a testament to the love and dedication of its current and former owners. This historic property, rich in heritage and embraced by a family deeply connected to the art of hospitality, contemplates a future beyond their stewardship. With a vision for preserving its legacy, the owners are open to passing the torch to a successor who appreciates the value of this cherished inn. The Chipman Inn represents not just an investment but a lifestyle, offering a unique opportunity to carry forward its tradition of excellence and warmth.
Under current stewardship, the Chipman Inn has seen strategic enhancements leading to an increase in REVPAR, adoption of eco-friendly practices, and introduction of unique guest services. Its prime location near Middlebury College's campuses positions it as an ideal choice for college visitors and those seeking a serene retreat. The inn's capacity for full utilization of all rooms presents a lucrative opportunity for maximizing revenue. These operational advancements underscore the inn’s potential for growth and its readiness to embrace future opportunities.
Chipman Inn, a beacon of hospitality in Ripton, seeks new ownership less than a year since we began our stewardship. Our commitment to excellence is unwavering, and we approach each day with the dedication and passion as if we might remain at its helm indefinitely. However, recognizing the unique demands of inn life, we believe there's someone out there (perhaps with less children at home) ideally suited to elevate this property to new heights. This turnkey opportunity is perfect for those with a vision for the future of hospitality and a desire to continue a legacy of exceptional guest experiences. We invite interested investors to schedule a visit, as we look forward to passing the torch to someone ready to embrace the rewarding lifestyle that comes with owning Chipman Inn.



Property Details
  • 11 Guest Rooms
  • 10 Guest Room Baths
  • Built in 1828
  • Last Renovated in 2023
  • Opened in 1970
  • Building is 5,285 SQFT
  • Lot is 5.9 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,100,000
  • Occupancy Rate: 10.24
  • Average Daily Rate: 209.27
  • Annual revenue is $130,000
  • Prequalify for Financing
Contact Information