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
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.
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.
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
Since the President’s State of the Union address, we’ve heard a great deal about making financing available to small business. The truth is, that excellent financing has been readily available all along in our domain. Community Banks (who do not lend to Bezerkistan) have money to lend, and interest rates, usually fixed for 5 years,Read More