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Almondy Inn
Newport, Rhode Island

SOLD

Price Reduced


Almondy Inn

Property Description: 5 elegant guest rooms and suites uniquely decorated with period antiques, private En-suite bathrooms - most with Jacuzzi baths - and some with bay views and a bedside gas fireplace. Spacious suites offer a separate living or dressing room for additional comfort. The 3rd floor 2-bedroom owner's quarters have great water views from private balcony.

Rooms 5   Restaurant No
Baths 5   Owners Quarters Yes

Business Description: High season from mid-May to mid-October at occupancies between 85%-99%. Remaining low season months 25%-70%. High volume of repeat clientele.

Occupancy 58%
ADR $228
Gross Revenue $248,389
Revenue/Room $49,678
Almondy Inn
Almondy Inn

Reason For Selling: After 13 years, owners are ready to start their next adventure in life.

Terms & Asking Price: The B&B is sold turnkey and fully furnished. Owner's apartment furniture and personal artwork goes with the owner.

Asking Price $1,679,000 Help
Cap Rate NA
GRM 7.00
Listing Agent:
Jose Aguon, Realtor
Gustave White Realty
37 Bellevue Avenue
Newport, Rhode Island 02841
401-848-6723 Bus
401-263-4168 Cell
jose@gustavewhite.com

For more information go to: http://www.almondyinn.com
Almondy Inn
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