Killington, Vermont, has long been a celebrated winter leisure travel destination and is home to the largest ski resort in Vermont. In recent years, however, the town, driven by substantial investment in off season attractions, has expanded its reach to become a true year round destination. In 2017, Killington Mountain announced a 110 million dollar upgrade,Read More
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Inns Under One Million – Part I
In a previous writing four weeks ago, I described my nascent love affair with smaller Inns. I surprised myself to discover that Inn Partners currently is consulting with nine Inns priced below $1,000,000.00. Some may pass muster as viable business entities and some may not. But all of them fit the definition of viable whenRead More
Bed and Breakfast Appraisals Versus Valuations
Lately, I have been noting an increasing reliance on appraisals to establish value and price of a Bed and Breakfast or Inn. In fact, for the reasons discussed below, an appraisal is a very poor indication of value for an Inn. This is especially disturbing when sellers pay significant amounts of money for an appraisalRead More
Chester House Inn, Chester, Vermont
Recently, we have been talking about a major change in our overall perception of viable working models in Innkeeping. In our less enlightened past, viability meant at least 8 rooms and occupancy pushing 50%. Then Airbnb burst upon the scene, turning what appear to be millions of ordinary folk into Innkeepers! While most people separate AirbnbRead More
Escape a Hairy Situation: 4 Housekeeping Tips for Inns
Whether you wear it long or short, stray hair happens. A hair in the salad can mean doom and gloom for a restaurant, but the battleground for innkeepers extends well beyond the dinner table. In the spirit of securing every tress in time for the next check-in, we’re covering a few essential housekeeping tips and tools toRead More
Are Diamonds an Innkeeper’s Best Friend? The Pros and Cons of Hotel Collection Associations
There comes a time in most innkeepers’ lives where they begin to wonder, “Should we put a Diamond on it?” The decision to jump through the hoops of hotel collections, such as Select Registry and The Diamond Collection, can be a tricky one to make for the first-time innkeeper. To help you determine whether it’s theRead More