Inn Market Snapshot


As of Jan 25, 2021

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 5,493 sqft
Chart - distribution of lot size
Median lot size is 1.34 acres
Chart - distribution of lot size
Median year built is 1907
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.16
  • Average number of guest bathrooms is 7.52
  • 71% 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 $1,167,824
  • Median price is $850,000
  • Average price per square foot is $179
The 5 most expensive states (on average)
  1. OR - 12 listings. Avg of $2.6M (from $590K to $12.3M)
  2. MT - 1 listing at $2.2M
  3. DC - 1 listing at $2.2M
  4. UT - 5 listings. Avg of $2.0M (from $750K to $2.9M)
  5. CO - 22 listings. Avg of $2.0M (from $595K to $7.5M)
The 5 least expensive states (on average)
  1. NE - 3 listings. Avg of $231K (from $149K to $395K)
  2. LA - 4 listings. Avg of $343K (from $215K to $575K)
  3. KS - 9 listings. Avg of $396K (from $130K to $729K)
  4. AL - 4 listings. Avg of $399K (from $350K to $499K)
  5. MN - 8 listings. Avg of $459K (from $0K to $1.2M)
The 5 least expensive listings
  1. Hostal El Momento - $24K
  2. ArubaBnB - $69K
  3. Old Depot Hotel - $130K
  4. Undisclosed - $149K
  5. 1880 Italianate Warren IL - $150K
DATA COVERAGE
598 properties for sale, covering:
  • 49 states/territories
  • 494 cities
  • 512 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings