Inn Market Snapshot


As of Oct 23, 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 5,361 sqft
Chart - distribution of lot size
Median lot size is 1.25 acres
Chart - distribution of lot size
Median year built is 1909
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.08
  • Average number of guest bathrooms is 7.46
  • 68% have a private bathroom for each guestroom
  • 94% have owner's quarters
PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
  • Average price is $1,293,988
  • Median price is $939,500
  • Average price per square foot is $198
The 5 most expensive states (on average)
  1. WY - 1 listing at $4.3M
  2. RI - 3 listings. Avg of $3.4M (from $615K to $7.5M)
  3. MT - 2 listings. Avg of $3.3M (from $2.5M to $4.0M)
  4. HI - 3 listings. Avg of $2.5M (from $1.8M to $3.9M)
  5. PR - 1 listing at $2.4M
The 5 least expensive states (on average)
  1. NE - 3 listings. Avg of $253K (from $150K to $395K)
  2. LA - 1 listing at $379K
  3. KY - 2 listings. Avg of $379K (from $369K to $390K)
  4. AL - 3 listings. Avg of $450K (from $350K to $600K)
  5. KS - 8 listings. Avg of $490K (from $125K to $1.2M)
The 5 most expensive listings
  1. Rams Head Inn - $9.0M
  2. Confidential Washington Destination Hotel - C21004 - $8.7M
  3. The Atlantic Inn - $7.5M
  4. Investment Hotel for Sale - $7.4M
  5. Hotter Ranch - $5.9M
The 5 least expensive listings
  1. Thurston House Bed & Breakfast - $65K
  2. 82 Hostel Bogota - $70K
  3. ArubaBnB - $79K
  4. Parsons House with the Red Floor - $125K
  5. Old Depot Hotel - $130K
DATA COVERAGE
509 properties for sale, covering:
  • 49 states/territories
  • 434 cities
  • 437 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings