The Newport Inn

Newport, Rhode Island
www.thenewportinn.com

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Property Type
Bed & Breakfast / Inn
Guest Rooms
7
Baths
8
Restaurant
No
Owners Quarters
No
Asking Price
$1,625,000

Occupancy Rate
48%
Average Daily Rate
$228
Gross Revenue
$325,000
Gross Revenue Multiplier
5

Property Overview

Brand new Bed & Breakfast located in the heart of Newport within steps of the downtown with parking.


Property Description

The Inn has 7 guestrooms and one guestroom and has a living room along with a private deck with an expansive view of Newport Harbor. Another room has a second guestroom with a twin bed and bathroom. The property has HVAC and the grade of finishes and furnishings are A+++++. This inn is the most luxurious Inn in Newport.


Business Description

Newport Lodging is an owner and operator of over 179 rooms of lodging in he Newport area and is value add player in the Newport Lodging market. Our business plan is to purchase older tired inns and renovate them and sell to owner operators.


Reason for Selling

Part of business strategy.


Terms & Asking Price

Cash and potential owner financing.