New Price! An In-Town Lifestyle Inn that has it All!
Small inn with a satisfying lifestyle and strong financial results. This inn boasts an average yearly guest occupancy rate of about 70% with its 3 guest rooms with occupancy rates approaching 90% several months out of the year. The property is an in-town inn within a National Historic City District with close proximity to a major Medical Institution and notable tourism destinations with multiple sporting and entertainment venues backing its strong business results. This is the perfect inn for owners who desire the satisfying lifestyle that running a smaller B&B offers, strong net operating income and cash flow, and the ability to support the convenience of maintaining an outside career income if desired.
In-town inns such as this garner mid-week corporate and business travel that rural inns cannot enjoy. The style and decor boasts the clean lines, bolder colors and the urban-chic ambiance popular with traveling to urban markets. An end unit of historically designated rowhouses, provides its 3 King-room suites and common spaces with loads of windows on 3 sides. The guest rooms are huge, over 350 sq. ft. each, plus large, ensuite luxury baths (with both soaking tub and separate shower) and two having private out door balconies with city vistas. Owner and common areas are equally spacious with a 350 sq. ft. Kitchen with attached office, outdoor first floor patio, large dining room, and separate Parlor. Owner’s quarters include a large loft space well removed from guest common spaces with convenience kitchenette and panoramic roof top deck for outside relaxation.
Most smaller lifestyle inns can struggle to meet the demands of covering operating expenses. This Inn makes generates enough cash flow to meet ALL operating expenses as well as make significant contribution to the debt service on the balance sheet! Adding to the financial strength of this Inn is the referral business that comes with tourism awards from repeat TripAdvisor excellence and Green Property recognition, Maryland Green Tourism classification, and multiple BnBfinder guests’ favorite designations. There are also some possible ways to expand this Inn’s size if desired.
If you are looking for a smaller, manageable-sized inn, with incredibly strong business upside, this is a Must See!
Aggressively Market priced at $585,000!
- Location: Baltimore, Maryland
- Region: Mid-Atlantic
- Location State: Maryland
- Financial Strength: Lifestyle
- Point of Contact: Scott Bushnell
- Email: firstname.lastname@example.org
- Phone Number: 410-422-5083
- Asking Price: $585,000