Inn Market Snapshot


As of Nov 18, 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 5,107 sqft
Chart - distribution of lot size
Median lot size is 1.49 acres
Chart - distribution of lot size
Median year built is 1908
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.07
  • Average number of guest bathrooms is 7.36
  • 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 $1,706,166
  • Median price is $795,000
  • Average price per square foot is $278
The 5 most expensive states (on average)
  1. NC - 52 listings. Avg of $9.9M (from $0K to $459.9M)
  2. DE - 2 listings. Avg of $2.8M (from $2.6M to $3.0M)
  3. DC - 1 listing at $2.5M
  4. OR - 18 listings. Avg of $2.4M (from $579K to $12.3M)
  5. ID - 5 listings. Avg of $2.0M (from $1.2M to $3.0M)
The 5 least expensive states (on average)
  1. NE - 3 listings. Avg of $215K (from $0K to $395K)
  2. ND - 1 listing at $325K
  3. KS - 6 listings. Avg of $449K (from $274K to $729K)
  4. IN - 7 listings. Avg of $480K (from $280K to $799K)
  5. MN - 11 listings. Avg of $617K (from $0K to $1.3M)
DATA COVERAGE
877 properties for sale, covering:
  • 52 states
  • 708 cities
  • 719 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings