10-Room Inn Looking for Keepers - Asheville, NC
10-Room Inn Looking for Keepers - Asheville, NC
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A 19-year-old, 10-room inn in the heart of Asheville, NC, is interested in being kept. Its single owner may want a break.
Lease for 3-5 years.
The main inn dates from the late 19th century and has eight guest rooms, parlor, dining room, kitchen, office, and pantry. There are two more guestrooms, laundry, garage, and storage on the other side of the parking area.
Last year, inn occupancy was above 65% and ADR near $190.
If maintained, a hard-working and skillful couple could make $60,000 annually with free residence; if better occupancy/ADR more income. Rates have barely budged for five years.
The residence is a 1BR modern apartment with a chef's kitchen, large living room, jaccuzzi tub, fireplace, sound system, and high-end finishes at the rear of the one-acre property.
