Inn Market Snapshot


As of Jun 22, 2018

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 5,000 sqft
Chart - distribution of lot size
Median lot size is 1.58 acres
Chart - distribution of lot size
Median year built is 1905
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.12
  • Average number of guest bathrooms is 7.68
  • 74% 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 $1,125,910
  • Median price is $825,000
  • Average price per square foot is $181
The 5 most expensive states (on average)
  1. DE - 1 listing at $2.5M
  2. DC - 1 listing at $2.5M
  3. MT - 3 listings. Avg of $2.5M (from $2.2M to $3.0M)
  4. PR - 3 listings. Avg of $2.0M (from $50K to $4.2M)
  5. HI - 5 listings. Avg of $1.9M (from $554K to $4.6M)
The 5 least expensive states (on average)
  1. NE - 2 listings. Avg of $113K (from $0K to $225K)
  2. ND - 1 listing at $325K
  3. AL - 7 listings. Avg of $469K (from $150K to $900K)
  4. IN - 10 listings. Avg of $505K (from $140K to $995K)
  5. IA - 5 listings. Avg of $584K (from $0K to $1.3M)
The 5 most expensive listings
  1. Atlantic Palms Oceanfront Resort-Hotel For Sale-My - $12.8M
  2. Boutique B&B Hotel For Sale - $8.8M
  3. Missouri Inn and Wedding Event Center - $6.9M
  4. Hotter Ranch - $5.9M
  5. Hill Country Bed & Breakfast - $5.8M
The 5 least expensive listings
  1. Hostal El Momento - $45K
  2. The Palace Hostel - $50K
  3. The Golden Slipper - $90K
  4. Helm Street - $100K
  5. Historic Gingerbread - $100K
DATA COVERAGE
948 properties for sale, covering:
  • 53 states
  • 759 cities
  • 768 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings