Hilltop Manor

Hot Springs, Arkansas
www.hilltopmanorhotsprings.com
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Property Type
Bed & Breakfast / Inn
Guest Rooms
5
Baths
6
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,400,000

Occupancy Rate
60%
Average Daily Rate
$250
Gross Revenue
$345,000
Gross Revenue Multiplier
4

Property Overview

Hilltop Manor is an award-winning bed and breakfast located in Hot Springs National Park, Arkansas. Located on 5.5 acres it borders the National Park and is 5 minutes from the historic city of Hot Springs, the only city in the country located within a National Park. The property has operated as a bed and breakfast since 2009 and current ownership since 2012. .


Property Description

The inn was built in the 1890's and a great example of the American Craftsman style architecture. It has over 7,000 square feet with five guestrooms and five private baths and a large owner's quarters which has three bedrooms, living room and bath. Three guest rooms and owner's quarters feature fireplaces and whirlpool baths. The Inn has a large, full basement which is used for storage. The Inn features a large front porch for sitting and dining and a patio with fireplace that can accommodate a sizeable number of people for events. The property also has a large three-bay garage.


Business Description

The business operates as a traditional bed and breakfast selling rooms. It does offer wedding packages and is licensed for 125 guests. With our occupancy rate, we have not solicited special events but there would be ample opportunity to host many types of events. The property has two additional parking lots in addition to guest parking. With a large owner's quarters, the guest rooms can be expanded along with conversion of the garage into three additional rooms.


Reason for Selling

Operating since 2012, the owners are ready to seek other employment opportunities.


Terms & Asking Price

Terms of sale are cash at closing.