Inn Market Snapshot


As of Oct 18, 2017

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 4,860 sqft
Chart - distribution of lot size
Median lot size is 1.70 acres
Chart - distribution of lot size
Median year built is 1906
Chart - distribution of when properties were built
  • Average number of guest rooms is 7.69
  • Average number of guest bathrooms is 7.22
  • 72% 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 $1,024,866
  • Median price is $795,000
  • Average price per square foot is $178
The 5 most expensive states (on average)
  1. DE - 1 listing at $2.8M
  2. DC - 1 listing at $2.5M
  3. HI - 6 listings. Avg of $2.2M (from $554K to $4.6M)
  4. VI - 1 listing at $1.9M
  5. RI - 6 listings. Avg of $1.7M (from $969K to $2.4M)
The 5 least expensive states (on average)
  1. NE - 3 listings. Avg of $131K (from $0K to $225K)
  2. IN - 14 listings. Avg of $426K (from $139K to $975K)
  3. WY - 1 listing at $529K
  4. MN - 11 listings. Avg of $594K (from $0K to $1.7M)
  5. IL - 16 listings. Avg of $616K (from $215K to $2.1M)
DATA COVERAGE
941 properties for sale, covering:
  • 53 states
  • 757 cities
  • 762 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings