Inn Market Snapshot


As of May 13, 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 5,500 sqft
Chart - distribution of lot size
Median lot size is 1.22 acres
Chart - distribution of lot size
Median year built is 1906
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.17
  • Average number of guest bathrooms is 7.65
  • 71% 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 $3,072,403
  • Median price is $850,000
  • Average price per square foot is $464
The 5 most expensive states (on average)
  1. FL - 25 listings. Avg of $35.2M (from $0K to $850.0M)
  2. MD - 6 listings. Avg of $20.7M (from $600K to $119.0M)
  3. WY - 2 listings. Avg of $2.8M (from $1.4M to $4.3M)
  4. DC - 1 listing at $2.2M
  5. WA - 10 listings. Avg of $2.0M (from $500K to $5.3M)
The 5 least expensive states (on average)
  1. NE - 3 listings. Avg of $245K (from $150K to $395K)
  2. LA - 3 listings. Avg of $256K (from $215K to $329K)
  3. KS - 7 listings. Avg of $401K (from $130K to $729K)
  4. AL - 5 listings. Avg of $440K (from $350K to $600K)
  5. MO - 13 listings. Avg of $447K (from $0K to $750K)
The 5 least expensive listings
  1. ArubaBnB - $69K
  2. 82 Hostel Bogota - $70K
  3. Old Depot Hotel - $130K
  4. THE Sanctuary - $150K
  5. A Guest Hus Motel - $154K
DATA COVERAGE
563 properties for sale, covering:
  • 47 states/territories
  • 474 cities
  • 478 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings