Chipman Inn

Ripton, Vermont

Asking Price: USD $1,100,000
Guest Rooms: 9    10
Owners Quarter: 2    1

Property Overview

Nestled in the picturesque town of Ripton, Vermont, in Addison County just 15 minutes from Middlebury College, the Chipman Inn stands as a testament to the love and dedication of its current and former owners. This historic property, rich in heritage and embraced by a family deeply connected to the art of hospitality, contemplates a future beyond their stewardship. With a vision for preserving its legacy, the owners are open to passing the torch to a successor who appreciates the value of this cherished inn. The Chipman Inn represents not just an investment but a lifestyle, offering a unique opportunity to carry forward its tradition of excellence and warmth.

Chipman Inn has undergone significant renovations and operational improvements, reflecting a perfect blend of tradition and innovation. Key enhancements include a state-of-the-art contactless check-in system, elevating the guest experience and streamlining operations. The property boasts 11 beautifully appointed rooms, offering flexible living options for potential owners. An upcoming kitchen renovation in April, will meet the latest health and fire code standards, highlighting the inn's commitment to excellence. Set on 5.9 acres, the inn offers guests a tranquil Vermont escape.

About the Owner's Quarters

What has traditionally been used as the owners quarters is a two room one bath apartment and is on the first floor. The current owners are a family of 3 adults and 3 children and take these rooms as their quarters as well as three of the guest rooms as well as the owners quarters.

Features:
  • Has a Barn Barn
  • Is Historic Historic
  • Includes a Restaurant Restaurant
Lifestyle:
  • Nearby Winery / Brewery Winery
  • Near Skiing Ski
Business Description:

Under current stewardship, the Chipman Inn has seen strategic enhancements leading to an increase in REVPAR, adoption of eco-friendly practices, and introduction of unique guest services. Its prime location near Middlebury College's campuses positions it as an ideal choice for college visitors and those seeking a serene retreat. The inn's capacity for full utilization of all rooms presents a lucrative opportunity for maximizing revenue. These operational advancements underscore the inn’s potential for growth and its readiness to embrace future opportunities.

Terms of Sale:

Chipman Inn, a beacon of hospitality in Ripton, seeks new ownership less than a year since we began our stewardship. Our commitment to excellence is unwavering, and we approach each day with the dedication and passion as if we might remain at its helm indefinitely. However, recognizing the unique demands of inn life, we believe there's someone out there (perhaps with less children at home) ideally suited to elevate this property to new heights. This turnkey opportunity is perfect for those with a vision for the future of hospitality and a desire to continue a legacy of exceptional guest experiences. We invite interested investors to schedule a visit, as we look forward to passing the torch to someone ready to embrace the rewarding lifestyle that comes with owning Chipman Inn.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Elizabeth Guilbeau (Owner)
  
Friendspitality Holdings LLC

Sq Ft:

5,258

Acres:

3

Year Built:

1828

Last Renovated:

2024

Years in Business:

50
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