Bed and Breakfast in Cooperstown $4,900,000

Eighteen room Bed and Breakfast Inn has everything a serious Future Innkeeper could possibly want. First place is location. Cooperstown is home of the Baseball Hall of Fame, the renowned Glimmerglass Opera Company, a first class museum and much more. This all adds up to an occupancy rate over 60% with ADR above $180 translating into cash flow that will easily cover normal debt service.

Of the 18 guest units, 1 is a two-level two-bedroom suite, 2 are two-room suites and 15 guest rooms. The Inn has two dining rooms, a double parlor with fireplace, very large covered front porch, laundry with commercial equipment.

Included in the price of the Inn is a newly built 3000 sq ft, 3 bedroom owner's residence that was built to the highest standard of material in every detail. The home is separate from, but adjacent to the Inn. There is an exercise room, wine cellar, office and two car garage with the home.

The Inn has excellent cash flow and offers new owners a very strong business opportunity in addition to living in an a wonderful community and region. Contact Inn Partners for more details.

Details

  • 18 Guest Rooms
  • 18 Guest Bathrooms
  • Lot size: 0.60 acres
  • Has owner's quarters
  • $4,900,000
  • 64% annual. occ. rate
  • $183.00 avg daily rate
  • $905,000 gross revenue

Listing Agent

Innovative Solutions for Current and Future Innkeepers.  Individualized services for your needs. Bill Oates, Inn Consulting Partners
PO Box 1162
Brattleboro, VT 05302

Phone: 877-957-2360
Cell: 1.802.257-2360
FAX: 802-257-2368
email: inns@innpartners.com

Innovative Solutions for Current and Future Innkeepers. Individualized services for your needs.

Location

Village Setting Cooperstown, NY 13326

Photos (click to enlarge)

Cooperstown has several organizations that do active and powerful marketing to bring lots of travelers and vacationers to their community and the region.
Kitchen in the adjacent owner's home.

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