Inn Market Snapshot


As of Oct 24, 2020

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 5,400 sqft
Chart - distribution of lot size
Median lot size is 1.45 acres
Chart - distribution of lot size
Median year built is 1906
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.22
  • Average number of guest bathrooms is 7.57
  • 72% 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 $1,195,163
  • Median price is $839,900
  • Average price per square foot is $186
The 5 most expensive states (on average)
  1. DE - 1 listing at $2.6M
  2. MT - 2 listings. Avg of $2.4M (from $2.2M to $2.7M)
  3. OR - 16 listings. Avg of $2.3M (from $285K to $12.3M)
  4. DC - 1 listing at $2.2M
  5. CO - 29 listings. Avg of $2.0M (from $560K to $7.5M)
The 5 least expensive states (on average)
  1. NE - 3 listings. Avg of $182K (from $0K to $395K)
  2. LA - 3 listings. Avg of $338K (from $215K to $575K)
  3. KS - 6 listings. Avg of $430K (from $130K to $729K)
  4. OH - 7 listings. Avg of $542K (from $200K to $840K)
  5. IL - 11 listings. Avg of $563K (from $150K to $1.2M)
The 5 least expensive listings
  1. Hostal El Momento - $24K
  2. ArubaBnB - $59K
  3. Harrisville, MI Bed & Breakfast Inn - $129K
  4. Old Depot Hotel - $130K
  5. 1880 Italianate Warren IL - $150K
DATA COVERAGE
712 properties for sale, covering:
  • 51 states/territories
  • 579 cities
  • 599 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings