Inn Market Snapshot


As of Aug 15, 2018

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 1.62 acres
Chart - distribution of lot size
Median year built is 1907
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.29
  • Average number of guest bathrooms is 7.76
  • 73% have a private bathroom for each guestroom
  • 96% have owner's quarters
PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
  • Average price is $1,138,071
  • Median price is $822,500
  • Average price per square foot is $176
The 5 most expensive states (on average)
  1. PR - 2 listings. Avg of $2.9M (from $1.6M to $4.2M)
  2. DE - 1 listing at $2.5M
  3. DC - 1 listing at $2.5M
  4. HI - 6 listings. Avg of $2.0M (from $554K to $4.6M)
  5. MT - 5 listings. Avg of $1.9M (from $959K to $3.0M)
The 5 least expensive states (on average)
  1. NE - 2 listings. Avg of $198K (from $0K to $395K)
  2. ND - 1 listing at $325K
  3. AL - 7 listings. Avg of $411K (from $150K to $849K)
  4. IA - 6 listings. Avg of $512K (from $0K to $1.3M)
  5. IN - 12 listings. Avg of $594K (from $0K to $2.7M)
The 5 least expensive listings
  1. Hostal El Momento - $45K
  2. The Golden Slipper - $90K
  3. Vermont - $99K
  4. Helm Street - $100K
  5. cumon inn farm - $100K
DATA COVERAGE
933 properties for sale, covering:
  • 53 states
  • 741 cities
  • 756 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings