Lake Pointe Inn
SOLD

McHenry, Maryland
www.bushnellandbushnell.com/blog/innsforsale/lak

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Property Type
Bed & Breakfast / Inn
Guest Rooms
10
Baths
11
Restaurant
No
Owners Quarters
Yes
Asking Price
$2,550,000

Occupancy Rate
66%
Average Daily Rate
$219
Gross Revenue
$566,600
Gross Revenue Multiplier
5

Property Overview

This is the B&B you have been looking for! A Select Registry gem, the Lake Pointe Inn with 10 exquisite rooms, is lakefront at Deep Creek Lake, Maryland, and boasts high occupancy and strong profitability. Certainly a guest favorite as recognized by TripAdvisor's certificate of excellence. A must see!


Property Description

In the Arts & Crafts-style and with Mission-style furnishings popular with guests, each room has a fireplace and whirlpool and some have steam showers. With commercial kitchen, 3 open and adjacent dining rooms, a great room with large stone fireplace and a wrap-around porch overlooking the lake and mountains, this is a guest favorite.


Business Description

Profitability and way-above-average occupancy and average daily rate make this an investment as well as a lifestyle pleasure. This 4 season resort has it all...the lake, the ski and tubing of Wisp Resort, championship golf and kayaking, cross country skiing and state park hiking...all the attractions that bring guests to the resort.


Reason for Selling

Retirement planning.


Terms & Asking Price

Turnkey furnished.