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Inn Consulting Partners
Are you looking for an urban Inn in a mild climate? Do you want to offer your guests spacious, luxurious guest rooms with fireplaces, whirlpool tubs, and steam showers? Would you like to host small conferences and meetings for the local businesses? Would you enjoy meeting parents of the local university students of Duke University and NC at Chapel Hill that stay with you while visiting their children? If so, this may be the Inn you have been waiting for.
There are 9 guest units; 7 in the main Inn and 2 luxurious private cottages. All rooms are superbly furnished with guest comfort in mind. The Inn offers conference space for small groups and the grounds are well appointed and landscaped for family reunions and small weddings. The Inn is located only 25 minutes from the Raleigh/Durham airport and the Durham, Chapel Hill and Raleigh Research Triangle.
The Inn is easily operated by an owner-operated couple with a small amount of staff. The current owners, retiring after 15 years as Innkeepers, have done an outstanding job of staying current in all areas of the Inn and the business. The Inn engaged the highly regarded Whitestone Marketing company in Feb of 2013, putting in major website changes and implemented a professional marketing program. The initial expenses in 2013, although higher, helped to increase sales from $303,395 in 2012 to $378,606 in 2013. The average daily rate increased to $214 over $209 and the occupancy rate increased from 36% in 2012 to 41% in 2013.
Duke University, also in Durham, is a regular source of business. University of North Carolina is minutes away in neighboring Chapel Hill. The Research Triangle Park and other local businesses provide strong mid-week activity.
This special Inn is honored with a Four Diamond rating from AAA and is a member of Select Registry – Distinguished Inns of North America, and is a BedandBreakfast.com Diamond Collection member.
The price is a very reasonable $1,495,000.00.
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