Inn Market Snapshot


As of Feb 19, 2019

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 5,300 sqft
Chart - distribution of lot size
Median lot size is 1.62 acres
Chart - distribution of lot size
Median year built is 1905
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.43
  • Average number of guest bathrooms is 7.90
  • 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 $1,142,954
  • Median price is $820,000
  • Average price per square foot is $172
The 5 most expensive states (on average)
  1. HI - 4 listings. Avg of $2.7M (from $1.3M to $4.6M)
  2. DC - 1 listing at $2.5M
  3. DE - 2 listings. Avg of $2.2M (from $1.8M to $2.5M)
  4. SC - 18 listings. Avg of $2.0M (from $235K to $12.8M)
  5. MT - 2 listings. Avg of $2.0M (from $995K to $3.0M)
The 5 least expensive states (on average)
  1. NE - 3 listings. Avg of $288K (from $0K to $469K)
  2. ND - 1 listing at $325K
  3. WY - 1 listing at $495K
  4. MN - 8 listings. Avg of $508K (from $0K to $1.3M)
  5. IN - 4 listings. Avg of $562K (from $280K to $975K)
The 5 least expensive listings
  1. Hostal El Momento - $24K
  2. Vermont - $99K
  3. ArubaBnB - $99K
  4. Helm Street - $100K
  5. cumon inn farm - $100K
DATA COVERAGE
834 properties for sale, covering:
  • 52 states
  • 668 cities
  • 683 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings