Vine Cottage Inn
SOLD

Hot Springs, Virginia
www.virginiainnbroker.com/blog/inns-for-sale/the

Add to Favorites
Property Type
Bed & Breakfast / Inn
Guest Rooms
10
Baths
11
Restaurant
No
Owners Quarters
Yes
Asking Price
$795,000

Occupancy Rate
30%
Average Daily Rate
$135
Gross Revenue
$157,000
Gross Revenue Multiplier
5.06

Property Overview

A true B&B in historic Hot Springs, VA, Vine Cottage Inn has 10 guest rooms and spacious owner's quarters. Welcoming guests since 1905, Vine Cottage Inn has a consistent and enviable track record. Practically next door to the famed Omni Homestead Resort, and you can walk to the many shops on Cottage Row. Just a couple of miles away is Garth Newel Music Center - a world-class music venue. A 10-minute drive will bring you to Warm Springs and the historic Jefferson Pools, where you can "take to the waters" as Thomas Jefferson and many others have done.


Property Description

Expansive parlor with fireplace and lots of windows. Dining room can easily accommodate 24 guests. The kitchen, prep room, and scullery adjoin the dining room. Laundry room is off the kitchen and has access to the outside. Owner's quarters, accessed through the inn's office, consists of two bedrooms, two full baths, a living room, a kitchen and a private porch with outside entrance. Additionally, there is a small apartment off of the kitchen with 2 rooms and a full bath - perfect for a live-in housekeeper or assistant!


Business Description

The Inn fronts on Route 220 and is only one house from the entrance to the famed Omni Homestead Resort. Business has been consistent through the years. 2014 showed occupancy of 30% and an average daily rate of $121. Offered turnkey.


Reason for Selling

Owners are ready to retire.


Terms & Asking Price

Cash at closing.