Morganton, NC, Area Inn

Morganton, North Carolina
www.innpartners.com/inn/morganton-nc-area-bb/
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Property Type
Bed & Breakfast / Inn
Guest Rooms
4
Baths
4
Restaurant
No
Owners Quarters
Yes
Asking Price
$875,000

Occupancy Rate
50%
Average Daily Rate
$127
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

The first thing you need to know about the Inn at Glen Alpine is that it is currently #1 of 348 hotels in the North Carolina Mountains according to TripAdvisor. Beyond this extraordinary achievement, the Inn was voted one of the Top 6 Romantic Hotels in North Carolina, the Best B&B in Burke County and one of the Best B&Bs near Asheville according to ‘RomanticAsheville.com’.


Property Description

This Morganton, NC, Area B&B offers guests country respite under an hour from Asheville, NC, and a short drive to all of western North Carolina’s most visited attractions. With an active wedding and catering business that compliments the high demand for business and leisure travel, new owners have the ability to focus the business to meet their desires as Innkeepers. Whether it be weddings and events or a traditional Bed and Breakfast operation, the Inn is well positioned for growth in the near future.


Business Description

The Inn is 45 miles east of Asheville, 25 miles west of Hickory, and only 30 minutes to the entrance of the famous Blue Ridge Parkway. Morganton, the Burke County seat, is only six miles east of the Inn and offers farm-to-table restaurants, award winning wineries and craft breweries and much more. An added bonus: the current owners have blueprints for a pet-friendly suite above the event outbuilding (Room #5). In addition, there is the possibility of adding a sixth room in the attic (Room #6). In addition, owners living offsite could use the current owner's apartment as guestroom #7.


Reason for Selling

Pursuing other interests.


Terms & Asking Price

Call Inn Partners at 877-957-2360 for details.