Inn Market Snapshot


As of May 27, 2020

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 5,220 sqft
Chart - distribution of lot size
Median lot size is 1.43 acres
Chart - distribution of lot size
Median year built is 1910
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.08
  • Average number of guest bathrooms is 7.42
  • 73% have a private bathroom for each guestroom
  • 95% have owner's quarters
PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
  • Average price is $1,973,112
  • Median price is $785,000
  • Average price per square foot is $312
The 5 most expensive states (on average)
  1. NC - 33 listings. Avg of $15.0M (from $300K to $459.9M)
  2. DE - 1 listing at $2.6M
  3. OR - 12 listings. Avg of $2.4M (from $679K to $12.3M)
  4. DC - 1 listing at $2.2M
  5. MT - 4 listings. Avg of $2.0M (from $800K to $2.7M)
The 5 least expensive states (on average)
  1. NE - 2 listings. Avg of $198K (from $0K to $395K)
  2. KS - 8 listings. Avg of $433K (from $130K to $1.2M)
  3. SD - 1 listing at $539K
  4. IL - 13 listings. Avg of $568K (from $150K to $949K)
  5. MN - 9 listings. Avg of $621K (from $0K to $1.3M)
The 5 least expensive listings
  1. Hostal El Momento - $24K
  2. Historic Delano Inn Bed and Breakfast - $25K
  3. ArubaBnB - $79K
  4. cumon inn farm Auger Inn - $104K
  5. Old Depot Hotel - $130K
DATA COVERAGE
737 properties for sale, covering:
  • 51 states/territories
  • 598 cities
  • 615 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings