1906 Pine Crest Inn

Tryon, North Carolina
www.bandbconsulting.us
www.pinecrestinn.com
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Property Type
Bed & Breakfast / Inn
Guest Rooms
33
Baths
33
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$2,680,000

Occupancy Rate
NA%
Average Daily Rate
NA
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

The 1906 Pine Crest Inn has been a relaxing vacation & corporate retreat destination nestled in the Village of Tryon in the foothills of the Blue Ridge Mountains for over 100 years. Listed on the National Registry of Historic Places since 1982, the Inn has a total of eleven buildings that make up the property on +/- 9.5 acres. The property includes 28 rental units (33 bedrooms), a two-story fully equipped modern conference center & a stand-alone 2 bedroom, 2 bath innkeeper's cottage.


Property Description

Additionally, there is a 2 bedroom, 2 bath unit not included in the 28 room count that was previously used as a secondary Innkeepers cottage that could be converted into a revenue unit. The property also has a full service restaurant, bar with all ABC permits, & commercial kitchen with two dining rooms included in the purchase. The restaurant has a long history of outstanding service (numerous AAA 4-Diamond & Wine Spectator awards).


Business Description

With the recent construction & development of the multi million-dollar Tryon International Equestrian Center, and its strategic location between Charlotte, Asheville, and Greenville, the 1906 Pine Crest Inn is optimally located to take advantage of the wonderful growth opportunities in this this area.


Reason for Selling


Terms & Asking Price