Governor's Inn

Ludlow, Vermont

Asking Price: USD $1,490,000
Guest Rooms: 9    9
Owners Quarter: 2    2

Property Overview

Governor's Inn located at 86 Main St sits on .44 acres of land in the village of Ludlow Vt. Walking distance to restaurants, shopping and farmers market in downtown Ludlow. On the shuttle route to Okemo mountain for skiing or less than a mile drive to the mountain. Close to 4 lakes on route 100 north and trout fishing on route 131, Hiking and Buttermilk Falls. Close to breweries and cheese factories in neighboring towns

Turnkey Village Inn and Restaurant only steps to Okemo Mountain Ski Resort comes fully furnished.
Own a piece of Vermont’s hospitality heritage in the heart of Ludlow, Vt. Just steps from Okemo Mountain and village shops and dinning, 86 Main St. (Governor’s Inn) blends historic charm, modern amenities, and fully furnished, income-producing potential, all in one of Vermont’s most desirable ski towns.
The Governor’s Inn was built by Governor William Stickney in 1890. Entering the inn you will be awed by the woodwork, staircase and the fireplaces in the foyer and parlor. Over the past few years, the inn has seen many updates, including a full sprinkler system, fire alarm system, boiler, water heater, heat pumps for all the rooms and dining area, commercial dishwasher, driers and freezer as well as a new compressor and air handler for the walk in cooler.
This fully operational boutique inn features 9 guest rooms, each with en-suite bathrooms, spread across three tastefully appointed floors. A separate 2 bedroom, 2 bathroom owner’s apartment provides private and flexibility for live-in management, short or long term rental or additional guest space.
On the main level, a former wine bar and restaurant space is ready to relaunch with full commercial kitchen equipment, fixtures, furnishings, included in the sale. Whether you envision a bistro, apres-ski lounge, or morning cafe, the bones are in place, just turn the key and bring your concept to life.
The proximity of the Governor’s Inn to local attractions, such as the Okemo's winter and summer activities, Friday night concerts, farmers market, buttermilk falls, lakes region, hiking trail, cheese factories and Black River sees year round business with skiers, hikers, bicyclists, boaters and fishing. The inn is also part of the collaboration between four inns that offers a walking experience to guests between the months of May and October.
Highlights include:
Prime walkable Ludlow location with high foot traffic and visibility
Fully furnished and equipped-all FF&E included
Strong historical rental income with upside potential
Fireplaces, original woodwork, updated mechanical systems
Steps to restaurants, shops and the Okemo ski shuttle
Flexible village center zoning allows for a range of commercial or residential uses

Whether you’re an investor, chef-owned, or someone dreaming of running a small-town inn, 86 Main St. offers rare charm and a ready to go setup, all in a town where opportunities like this don’t come often!

About the Owner's Quarters

Separate 2 story building with a full basement

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

Governor's Inn has 9 bedrooms and bathrooms and is located in the resort town of Ludlow Vt, home of Okemo Mountain. The inn is fully operational and new owners can continue the operation immediately. The mountain is open from November to April for skiing and during the non-winter season May to October the inn is part of a walking tour with other inns that keeps the off season busy. The owners have an occupancy rate of 35% by choice so there is a great potential for growth. The owners after purchasing the property in late 2019, started renovating the inn by adding sprinkler system, mini splits for heat and A/C, kitchen equipment and many of the 9 bathrooms.

Terms of Sale:

All business related furnishing and equipment will transfer with the sale minus personal items at the inn. All personal and furnishings of the owners quarters will not be part of the sale

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
John Napier (Listing Agent)
  860-559-9334
TPW Real Estate

MLS:

5018273

Sq Ft:

5,421

Owner's Quarters Sq Ft:

912

Acres:

0.44

Year Built:

1890

Last Renovated:

2020

Years in Business:

5

MLS:

5018273
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Financial Overview

Asking Price:

USD $1,490,000

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