1899 Wright Inn and Carriage House

Asheville, North Carolina
1899wrightinn.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
11
Baths
12
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,995,000

Occupancy Rate
58%
Average Daily Rate
$200
Gross Revenue
$457,000
Gross Revenue Multiplier
4.37

Property Overview

The 1899 Wright Inn & Carriage House is a beautiful Victorian bed and breakfast inn listed on the National Register of Historic Places. It has been authentically renovated in the Queen Anne style and has ten guest rooms and also a Carriage House that can accommodate up to 6 guests. The wonderful street appeal of this mansion assists with making this a profitable luxury inn.


Property Description

The Wright Inn is authentically renovated in the Queen Anne style and has ten guest rooms and also a Carriage House that can accommodate up to 6 guests. The wonderful street appeal of this mansion, in addition to its close proximity to Asheville, NC a make this a profitable luxury inn. This property offers the flexibility of owner's quarters: a one or two room suite in the main house, the carriage house or the 2,200 square foot owner's private residence located on the property and offered separately for an additional $400,000.


Business Description

The 1899 Wright Inn boasts a high occupancy percentage resulting in a cash flow that makes this inn profitable. With ten guest rooms and the Carriage House, the revenue generated validate an excellent investment for the buyer.


Reason for Selling

The owners wish to pursue other interests.


Terms & Asking Price

Cash, conventional loan.