Hamanassett Bed & Breakfast

Chester Heights, Pennsylvania
www.hamanassett.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
11
Baths
10
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,585,000

Occupancy Rate
29%
Average Daily Rate
$224
Gross Revenue
NA
Gross Revenue Multiplier
4

Property Overview

Hamanassett B&B is a stunning 1856 Federal fieldstone manor house built on a hilltop setting in Chester Heights and the Brandywine Valley. Originally built by Charles Meigs, renowned Philadelphia obstetrician, as his retirement home, this beautifully landscaped 6.6 acre property boasts specimen oak, hickory, cypress, magnolia and copper beach trees, plus mature rose gardens and koi pond. Hamanassett has been renowned for its hospitality and gracious elegance as an upscale bed and breakfast and is listed on the Pennsylvania Registry of Historical Properties. Located just west of Philadelphia with easy access to New York City, Wilmington, Baltimore and DC. Enjoy nearby world-class attractions including Longwood Gardens, Brandywine River Museum, Winterthur, Nemours and Hagley while staying at this Select Registry and Diamond Collection B&B. In addition to the main house, there are two cottages, four-bay garage, three-stall bank barn, 2.5 acre fenced paddock with turnout shed and two-story tool shed.


Property Description

Hamanassett is a turnkey, PROFITABLE B&B with GREAT location offering additional occupancy and event growth for a strong bottom line! The Manor house has 7 guest suites all with en-suite bath, dimplex fireplace, sitting area and upscale appointments. The third floor of the Manor House includes 650 sq. ft. owner’s quarters with two bedrooms, living room and bathroom for a satisfying innkeeper experience. There are two cottages that boast over 1,400 sq. ft. of living space each with two bedrooms, dining room, kitchen, living room, porch and private yard perfect for relaxing and enjoying outdoor space. Perfect for family and long-term stays which make it popular with corporate guests. Hamanassett has been featured on ABC’c FYI program, voted by the New York Times as one of the most romantic inns in America and voted as on of the 10 Best Inns of PA by Heartland Trails.


Business Description

Hamanassett offers a MUCH higher average daily rate than most inns with room to grow additional occupancy, events and WEDDINGS. Being sold fully furnished for a turnkey B&B. Listed sale price of $1,585,000 which includes FF&E with some exclusions. Or as a residential estate at $1,435,000. To find out additional information or schedule a tour, give Karen or Ian a call or e-mail at knader@bfpsir.com.


Reason for Selling

Retiring.


Terms & Asking Price

Negotiable.