Until recently, the standard fantasy image of a Bed and Breakfast was that of a rural paradise, where romance was primary and nature ruled the roost. We have learned, however, that occupancy rates for this type of Inn are often in the 25% range, representing weekend business with a few intrepid mid-week guests in busyRead More
Tag: Buying an Inn
Searching for an Inn? Start in a Destination Location
Location. We emphasize in our seminars the importance of a destination location for successful Innkeeping. In a destination location, your prospective guests have already chosen to come to your area. That means half of your marketing efforts have already been done for you. You are competing for business with an audience that already has defined yourRead More
The Facts on Financing and Interest Rates for Inn Buyers
We hear constant misinformation about the availability of financing a purchase of a Bed & Breakfast Inn. In fact, I believe it has never been easier to find excellent financing packages. It is just a question of looking in the right place. I can assure you that the large, interstate banks (Bank of America, Chase) willRead More
Seminar Graduates Purchase Whistling Swan Inn
We are pleased to announce the transfer of the Whistling Swan Inn of Stanhope, New Jersey, to graduates of our Seminar for Future Innkeepers. Inn Partners acted as consultants to Rosalind and Tom Bruno in their search for a viable Inn business, which concluded with the purchase of the active Whistling Swan Inn.
Seminar Graduate Purchases Gateways Inn, Lenox MA
Eiran Gazit, a 2011 graduate of Inn Partner’s Seminar for Future Innkeepers, has purchased the Gateways Inn in Lenox, Massachusetts. Sellers of the Inn, Fabrizio and Rosemary Chiariello, are also former graduates of our seminar. Congratulations to both Buyers and Sellers of this outstanding Lenox Inn.
2011 Financial Results for Inns & B&Bs
We have had the opportunity at this point to review many Inn and B&B financial results for 2011. I am happy to report that a strong majority report gains in both income and occupancy over 2010 results. The gains are typically below 10% and as high as 16%. In some ways the abrupt declines inRead More